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J.M. Smucker Co
SJM reported an 8.4% rise in its net income for the fiscal first-quarter.
Smucker's quarterly earnings rose to $111.5 million, or $0.98 per share, from $102.9 million, or $0.86 per share, in the year-ago period. Its adjusted profit came in at $1.12 per share. Its revenue climbed to $1.19 billion from $1.05 billion. However, analysts were expecting a profit of $1.08 per share on revenue of $1.26 billion.
Smucker affirmed its FY12 adjusted earnings forecast of $5 to $5.15 per share.
Smucker shares gained 0.89% to close at $75.56 yesterday.
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