BUZZ-J.M. Smucker falls after annual profit forecast below estimates
Reuters
Nov 26
BUZZ-J.M. Smucker falls after annual profit forecast below estimates
** Shares of Uncrustables maker J.M. Smucker <SJM.N> down 1.5% at $102.70
** Co forecasts annual profit below analysts' estimates as a surge in coffee costs is expected to squeeze its margin
** Trims annual adjusted EPS forecast to range between $8.75 and $9.25 vs. prior forecast of $8.50 to $9.50, the midpoint of which is below analysts' estimate of $9.08 - data compiled by LSEG
** Reports Q2 adjusted earnings per share of $2.10, in line with analyst estimates
** Including sessions moves, shares down ~8.3% YTD
(Reporting by Sanskriti Shekhar in Bengaluru)
((Sanskriti.Shekhar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.