Scotts: Fiscal 3Q Earnings Snapshot

July 31, 2018

MARYSVILLE, Ohio (AP) _ Scotts Miracle-Gro Co. (SMG) on Tuesday reported fiscal third-quarter earnings of $82.9 million.

On a per-share basis, the Marysville, Ohio-based company said it had profit of $1.47. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to $2.67 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share.

The lawn and garden products company posted revenue of $994.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $996.4 million.

Scotts expects full-year earnings in the range of $3.70 to $3.90 per share.

Scotts shares have fallen 26 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $79.41, a fall of 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMG at https://www.zacks.com/ap/SMG

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