Scotts Miracle-Gro (SMG) reported a first quarter adjusted loss from continuing operations of $1.18 per share Tuesday morning, compared to $0.99 in the previous year. The consensus estimate was for a loss of $1.22.
Scotts Miracle-Gro rose sharply during the first hour of trade Tuesday and took out the session highs in the early afternoon. The stock closed up by 3.91 at $52.96 on above average volume. Scotts Miracle-Gro surged to an 8-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.