Smucker Rides Coffee Buzz; Stock Up 10%

Peanut butter and jelly may be its bread and butter, but J.M Smucker (SJM Quote) actually saw the most growth from its newest brand, Folgers Coffee.

Smucker's profit in the fourth quarter nearly doubled and the company raised its full-year outlook, sending shares up almost 10% to $47.89 in afternoon trading.

The maker of jams, jellies and Jif peanut butter said its earnings reached $94.3 million, or 80 cents a share, compared with $37.1 million, or 67 cents, in the year-ago period. ...