BUZZ-J.M. Smucker falls after Q1 miss

Reuters
08/27
BUZZ-J.M. Smucker falls after Q1 miss

Aug 27 (Reuters) - ** Jif peanut butter maker J.M. Smucker's SJM.N shares fall 2.36% to $107.90 premarket, after co misses Q1 profit estimates

** Co reports Q1 sales of $2,113.3 mln vs analysts' avg. estimate of $2,115 mln, according to data compiled by LSEG

** SJM reports Q1 adj. EPS of $1.90 vs estimates of $1.93

** Co says Q1 results reflect divestiture of some Sweet Baked Snacks value brands and Voortman business

** SJM also reiterates FY adj. EPS forecast of $8.5 to $9.5

** As of last close, stock has risen 0.42% YTD

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))

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