J. M. Smucker Co. (SJM) reported fourth quarter adjusted EPS of $1.29 Thursday morning, up from $1.10 a year ago. The consensus estimate was for EPS of $1.15. Full year 2014 non-GAAP EPS is expected to be between $5.65 and $5.75. The consensus estimate is for EPS of $5.73.
J. M. Smucker steadily declined during the first hour of trade Thursday and closed down by 3.99 at $98.38, with volume at a 9 1/2 month high. The stock dropped to nearly a 2-month low.
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