The J.M. Smucker Company released its second quarter financial results before the opening bell on Wednesday, posting lower results, which fell short of expectations.
Inside J.M. Smucker’s Q2 Results
Earnings
The company reported earnings of $155.4 million, or $1.53 per share, compared to $160.5 million, or $1.53 per share, in the year prior. On average, analysts expected to see earnings of $1.56 per share.
Revenue
Revenue for the quarter totaled $1.48 billion, down from $1.56 billion last year. Analysts expected to see revenue of $1.54 billion.
Outlook
Looking ahead to FY2015, the company has maintained its outlook of earnings between $5.45 and $5.65 per share.
Mutual Funds to Watch
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VMCIX | Vanguard Mid Cap Index | 1.65% |
| VWELX | Vanguard Wellington | 1.41% |
| VFINX | Vanguard 500 Index | 1.04% |
The Bottom Line
Although the funds mentioned have only a small stake in The J.M Smucker Company, it is still important for investors to be aware of major news events like earnings reports, as they can have an effect on mutual fund performance.