Investing.com - JM Smucker reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
JM Smucker announced earnings per share of $1.67 on revenue of $1.87B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $1.87B.
JM Smucker shares are up 1% from the beginning of the year and are trading at $137.75 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.18% from the start of the year.
JM Smucker follows other major Consumer Staples sector earnings this month
JM Smucker's report follows an earnings beat by Walmart on August 16, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Procter&Gamble had missed expectations on July 29 with fourth quarter EPS of $1.21 on revenue of $19.52B, compared to forecast for EPS of $1.22 on revenue of $19.4B.
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