ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Wednesday reported fiscal first-quarter profit of $185 million.
On a per-share basis, the Orrville, Ohio-based company said it had net income of $1.74. Earnings, adjusted for amortization costs and non-recurring costs, were $2.44 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
The food maker posted revenue of $2.13 billion in the period, meeting Street forecasts.
Smucker expects full-year earnings in the range of $9.60 to $10 per share.
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