ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Tuesday reported fiscal second-quarter earnings of $241.3 million.
On a per-share basis, the Orrville, Ohio-based company said it had profit of $2.26. Earnings, adjusted for one-time gains and costs, were $2.10 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The food maker posted revenue of $2.33 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $2.32 billion.
Smucker expects full-year earnings in the range of $8.75 to $9.25 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SJM at https://www.zacks.com/ap/SJM
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