ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Thursday reported fiscal fourth-quarter earnings of $245.1 million.
On a per-share basis, the Orrville, Ohio-based company said it had net income of $2.30. Earnings, adjusted for one-time gains and costs, came to $2.66 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The food maker posted revenue of $2.21 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.25 billion.
For the year, the company reported profit of $744 million, or $7.13 per share. Revenue was reported as $8.18 billion.
Smucker expects full-year earnings in the range of $9.80 to $10.20 per share.
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