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The J. M. Smucker Company Reports Advance In Q3 Bottom Line

The J. M. Smucker Company (SJM) revealed earnings for its third quarter that advanced from last year.

The company said its bottom line totaled $283.7 million, or $2.50 per share. This was higher than $232.8 million, or $2.00 per share, in last year's third quarter.

Analysts had expected the company to earn $2.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.1% to $1.90 billion. This was up from $1.88 billion last year.

The J. M. Smucker Company earnings at a glance:

-Earnings (Q3): $283.7 Mln. vs. $232.8 Mln. last year.
-Earnings Growth (Y-o-Y): 21.9%
-EPS (Q3): $2.50 vs. $2.00 last year.
-EPS Growth (Y-o-Y): 25.0%
-Analysts Estimate: $2.13
-Revenue (Q3): $1.90 Bln vs. $1.88 Bln last year.
-Revenue Change (Y-o-Y): 1.1%

Full year EPS guidance: $8.20 - $8.30

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