The J. M. Smucker Company Announces 14% Rise In Q1 Profit

(RTTNews) - The J. M. Smucker Company (SJM) revealed a profit for its first quarter that rose from last year.

The company said its bottom line came in at $217.2 million, or $1.86 per share. This was higher than $190.9 million, or $1.60 per share, in last year's first quarter.

The company said revenue for the quarter fell 6.7% to $1.82 billion. This was down from $1.95 billion last year.

The J. M. Smucker Company earnings at a glance:

-Earnings (Q1): $217.2 Mln. vs. $190.9 Mln. last year. -Earnings Growth (Y-o-Y): 13.8% -EPS (Q1): $1.86 vs. $1.60 last year. -EPS Growth (Y-o-Y): 16.2% -Revenue (Q1): $1.82 Bln vs. $1.95 Bln last year. -Revenue Change (Y-o-Y): -6.7%

-Guidance: Full year EPS guidance: $7.60 - $7.75