J. M. Smucker (NYSE:SJM) announced that second quarter earnings increased by 17 percent due to higher prices and increased sales from an acquisition. The peanut butter and jelly maker earned $148.8 million, or $1.36 per share, versus $127.2 million, or $1.12 per share, in the same period last year. Analysts had expected a profit of $1.45 per share. Revenue increased by 8 percent to $1.63 billion, meeting expectations.
The company raised its full year forecast to an adjusted profit of between $5.12 and $5.22 per share, versus with a previous range of $5 to $5.10. Sales are expected to increase 7 percent to $5.92 billion.
Shares are lower by over 1.6 percent.
Dole (DOLE) announced that it lost $5.3 million, or 6 cents per share for its most recent fiscal quarter. Revenue fell by 6 percent to $1.96 billion. Analysts expected an adjusted profit of 14 cents per share and $2.07 billion in revenue.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.