J. M. Smucker (SJM) reported fourth quarter adjusted EPS of $0.98 Thursday morning, which fell short of the consensus estimate of $0.99. The company expects to report full year 2016 adjusted EPS of $5.65 to $5.80. Analysts are expecting EPS of $5.84.
J. M. Smucker gapped open sharply lower Thursday and is now down 4.19 at $114.00 on above average volume. The stock has dropped to a 2-month low.
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