Scotts: Fiscal 3Q Earnings Snapshot
MARYSVILLE, Ohio (AP) _ Scotts Miracle-Gro Co. (SMG) on Wednesday reported fiscal third-quarter earnings of $201.7 million.
On a per-share basis, the Marysville, Ohio-based company said it had net income of $3.56. Earnings, adjusted to account for discontinued operations and non-recurring gains, were $3.11 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.
The lawn and garden products company posted revenue of $1.17 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.07 billion.
Scotts expects full-year earnings in the range of $4.35 to $4.50 per share.
Scotts shares have climbed 68% since the beginning of the year. The stock has risen 33% in the last 12 months.