JM Smuckers Profit Surges 172% and Boosts Outlook (SJM)

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JM Smuckers Profit Surges 172% and Boosts Outlook (SJM) - 11/20/2009 8:43:12 AM

By Chip Brian, SmarTrend Analytics Team

11/20/2009-JM Smucker (NYSE:SJM) reported Q3 EPS of $1.22, ex-items, topping consensus estimates of $1.04.

Revenues in the quarter rose to $1.28 billion, and came in ahead of consensus estimates of $1.24 billion.

Smucker raised its full-year 2010 EPS outlook to $3.95 - $4.05 (vs. consensus estimates of $3.83) on revenues of $4.5 billion (vs. consensus estimates of $4.55 billion).

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