Scotts Miracle-Gro (SMG) reported first quarter adjusted income from continuing operations of $1.60 per share after the close Monday, down from $2.13 per share last year. The consensus estimate was for EPS of $2.00. The company reaffirmed its expectations for fiscal 2013 adjusted earnings per share from continuing operations in the range of $2.50 to $2.75. The consensus estimate is for EPS of $2.61. The stock is now down 1.55 on 4K shares.
Scotts Miracle-Gro climbed for the bulk of the afternoon Monday and finished up by 0.75 at $46.56. The stock rose to a month and a half high.
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