Investing.com - JM Smucker reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JM Smucker announced earnings per share of $2.39 on revenue of $2.03B. Analysts polled by Investing.com anticipated EPS of $2.22 on revenue of $2.01B.
JM Smucker shares are up 11% from the beginning of the year and are trading at $116.05 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 10.73% from the start of the year.
JM Smucker follows other major Consumer/Non-Cyclical sector earnings this month
JM Smucker's report follows an earnings beat by Anheuser Busch ADR on October 29, who reported EPS of $0.79 on revenue of $12.82B, compared to forecasts EPS of $0.7088 on revenue of $11.64B.
Fomento Economico Mexicano had missed expectations on October 28 with third quarter EPS of $11.72 on revenue of $126.5B, compared to forecast for EPS of $14.52 on revenue of $123.34B.
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