ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Wednesday reported fiscal first-quarter net income of $324.3 million.
The Orrville, Ohio-based company said it had net income of $3.03 per share. Earnings, adjusted for one-time gains and costs, were $3.24 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.
The food maker posted revenue of $2.22 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.11 billion.
Smucker expects full-year earnings in the range of $10.50 to $11 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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