Actionable news
0
All posts from Actionable news
Actionable news in SJM: THE J.M. SMUCKER COMPANY,

J.M. Smucker's (SJM) Stock Fell Today on Q1 Revenue Miss, Susquehanna: Don't Buy on Weakness

NEW YORK (TheStreet) -- Shares of J.M. Smucker (SJM) closed lower by 8.04% to $143.63 on heavy trading volume Tuesday as Susquehanna analysts said not to use the company's weaker-than-anticipated first quarter revenues as a buying opportunity.

Before today's market open, the Orrville, OH-based food manufacturer reported $1.82 billion in revenue, falling short of analysts' projected $1.89 billion in revenue. Earnings came in at $1.86 per share, topping Wall Street's estimated $1.74 per share.

Susquehanna said Smucker's $5.8 billion purchase of Big Heart Pet...


More