Scotts: Fiscal Q3 Earnings Snapshot
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.