Investing.com - JM Smucker (NYSE:SJM) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JM Smucker announced earnings per share of $2.37 on revenue of $1.97B. Analysts polled by Investing.com anticipated EPS of $1.67 on revenue of $1.81B.
JM Smucker shares are up 8% from the beginning of the year, still down 10.05% from its 52 week high of $125.62 set on April 21. They are outperforming the S&P 500 which is up 6.21% from the start of the year.
JM Smucker follows other major Consumer/Non-Cyclical sector earnings this month
JM Smucker's report follows an earnings beat by Procter&Gamble on July 30, who reported EPS of $1.16 on revenue of $17.7B, compared to forecasts EPS of $1.01 on revenue of $16.95B.
Anheuser Busch ADR had beat expectations on July 30 with second quarter EPS of $0.46 on revenue of $10.29B, compared to forecast for EPS of $0.33 on revenue of $9.57B.
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