Scotts: Fiscal Q3 Earnings Snapshot

August 3, 2022 GMT

MARYSVILLE, Ohio (AP) _ Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $443.9 million in its fiscal third quarter.

The Marysville, Ohio-based company said it had a loss of $8.01 per share. Earnings, adjusted for asset impairment costs, were $1.98 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The lawn and garden products company posted revenue of $1.19 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.2 billion.

Scotts expects full-year earnings in the range of $4 to $4.20 per share.

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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