J.M. Smucker Co. (SJM) 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.
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