ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Thursday reported a loss of $662.3 million in its fiscal third quarter.
The Orrville, Ohio-based company said it had a loss of $6.22 per share. Earnings, adjusted for one-time gains and costs, were $2.61 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
The food maker posted revenue of $2.19 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.22 billion.
Smucker expects full-year earnings in the range of $9.85 to $10.15 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
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