MARYSVILLE, Ohio (AP) — MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $151.8 million in its fiscal fourth quarter.
The Marysville, Ohio-based company said it had a loss of $2.63 per share. Losses, adjusted for restructuring costs, came to $1.96 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.88 per share.
The lawn and garden products company posted revenue of $387.4 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $398.6 million.
For the year, the company reported profit of $145.2 million, or $2.47 per share. Revenue was reported as $3.41 billion.
Scotts expects full-year earnings in the range of $4.15 to $4.35 per share.
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