Investing.com - JM Smucker reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JM Smucker announced earnings per share of $2.23 on revenue of $2.03B. Analysts polled by Investing.com anticipated EPS of $1.88 on revenue of $1.98B.
JM Smucker shares are down 9% from the beginning of the year and are trading at $123.26 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.53% from the start of the year.
JM Smucker follows other major Consumer Staples sector earnings this month
JM Smucker's report follows an earnings missed by Walmart on May 17, who reported EPS of $1.3 on revenue of $141.57B, compared to forecasts EPS of $1.48 on revenue of $138.8B.
Costco had matched expectations on May 26 with second quarter EPS of $3.04 on revenue of $52.6B, compared to forecast for EPS of $3.04 on revenue of $51.56B.
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