J.M. Smucker Co. (SJM: Quote) reported first quarter adjusted EPS of $1.17 Friday morning, up from $1.12 in the previous year. The consensus estimate was for EPS of $1.00. Full year 2013 EPS is expected to be between $5.00 and $5.10, compared to the consensus estimate of $5.10.
J.M. Smucker gapped up and rose sharply in early trade Friday, but settled into a range for the majority of the day. The stock closed up by 3.99 at $82.96, with volume at a 6-month high. J.M. Smucker broke out past resistance and set a new high for the year.
Click here to receive FREE breaking news email alerts for The J. M. Smucker Company and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org