The Scotts Miracle-Gro Co. Q3 Earnings Retreat 20%

(RTTNews) - The Scotts Miracle-Gro Co. (SMG) released a profit for third quarter that lost ground compared to the same period last year.

The company said its bottom line totaled $133.8 million, or $2.16 per share. This was lower than $167.2 million, or $2.68 per share, in last year's third quarter.

Analysts had expected the company to earn $2.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.8% to $0.99 billion. This was down from $1.11 billion last year.

The Scotts Miracle-Gro Co. earnings at a glance:

-Earnings (Q3): $133.8 Mln. vs. $167.2 Mln. last year. -Earnings Decline (Y-o-Y): -20.0% -EPS (Q3): $2.16 vs. $2.68 last year. -EPS Decline (Y-o-Y): -19.4% -Analysts Estimate: $2.12 -Revenue (Q3): $0.99 Bln vs. $1.11 Bln last year. -Revenue Change (Y-o-Y): -10.8%

-Guidance: Full year EPS guidance: $3.75 - $3.95