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J.M. Smucker Misses Q3 Revenue, Offers Downbeat Guidance

Shares of J.M. Smucker are under pressure Friday after reporting a top-line miss for the fiscal third quarter and downbeat guidance for 2017.

Shares of J.M. Smucker (SJM) - Get J.M. Smucker Company (SJM) Report are under pressure Friday after reporting a top-line miss for the fiscal third quarter and downbeat guidance for 2017. Revenue of $1.88 billion for the period missed analysts' forecasts calling for $1.92 billion. But, earnings of $2 a share met expectations. For the full year, the maker of jellies and jams trimmed the top end of its adjusted earnings range by five cents. It now expects EPS between $7.60 and $7.70. The company also said it anticipates adjusted sales to fall 3% for the year, compared with its previous estimate of flat to down 1%. 

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