ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Wednesday reported a loss of $43.9 million in its fiscal first quarter.
The Orrville, Ohio-based company said it had a loss of 41 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.90 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The food maker posted revenue of $2.11 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $2.13 billion.
Smucker expects full-year earnings in the range of $8.50 to $9.50 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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