RTTNews | Feb 25, 2021 07:24AM EST

07:23 Thursday, February 25, 2021 (RTTNews.com) - The J. M. Smucker Company (SJM) reported earnings for its third quarter that rose from last year.

The company's bottom line came in at $261.5 million, or $2.32 per share. This compares with $187.4 million, or $1.64 per share, in last year's third quarter.

Excluding items, The J. M. Smucker Company reported adjusted earnings of $276.3 million or $2.45 per share for the period.

Analysts had expected the company to earn $2.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.6% to $2.08 billion from $1.97 billion last year.

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

-Earnings (Q3): $276.3 Mln. vs. $268.5 Mln. last year.-EPS (Q3): $2.45 vs. $2.35 last year.-Analysts Estimate: $2.19-Revenue (Q3): $2.08 Bln vs. $1.97 Bln last year.

-Guidance:Full year EPS guidance: $8.70 - $8.90

Read the original article on RTTNews ( https://www.rttnews.com/3172863/the-j-m-smucker-company-q3-adjusted-earnings-beat-estimates.aspx)

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