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Smucker: Fiscal Q1 Earnings Snapshot
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ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Wednesday reported fiscal first-quarter net income of $324.3 million.

The Orrville, Ohio-based company said it had net income of $3.03 per share. Earnings, adjusted for one-time gains and costs, were $3.24 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.

The food maker posted revenue of $2.22 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.11 billion.

Smucker expects full-year earnings in the range of $10.50 to $11 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SJM at https://www.zacks.com/ap/SJM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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