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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