Scotts: Fiscal Q4 Earnings Snapshot
MARYSVILLE, Ohio (AP) — MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $244 million in its fiscal fourth quarter.
On a per-share basis, the Marysville, Ohio-based company said it had a loss of $4.29. Losses, adjusted for restructuring costs, came to $2.31 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.94 per share.
The lawn and garden products company posted revenue of $414.7 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $393 million.
For the year, the company reported a loss of $34.9 million, or 61 cents per share. Revenue was reported as $3.55 billion.
_____
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