Investing.com - JM Smucker reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JM Smucker announced earnings per share of $2.57 on revenue of $2.09B. Analysts polled by Investing.com anticipated EPS of $2.26 on revenue of $2.04B. That with comparison to EPS of $2.08 on revenue of $1.9B in the same period a year before.JM Smucker had reported EPS of $2.35 on revenue of $1.97B in the previous quarter.Analysts are expecting EPS of $1.73 and revenue of $1.81B in the upcoming quarter.
JM Smucker shares are up 5% from the beginning of the year and are trading at $110.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 4.29% year to date.
JM Smucker shares lost 3.91% in intra-day trade the report.
JM Smucker follows other major Consumer/Non-Cyclical sector earnings this month
JM Smucker's report follows an earnings missed by Anheuser Busch ADR on May 7, who reported EPS of $-0.42 on revenue of $11B, compared to forecasts EPS of $-0.14 on revenue of $10.95B.
Ambev SA had missed expectations on May 7 with second quarter EPS of $0.01 on revenue of $2.15B, compared to forecast for EPS of $0.03 on revenue of $2.37B.
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