Shares of J.M. Smucker Co. (NYSE: SJM) fell 9.5% on Thursday after the company announced weaker-than-expected fiscal first-quarter 2018 results.
Smucker’s revenue declined 3.7% year over year to $1.749 billion, while adjusted earnings per share fell 18.8% to $1.51. By comparison, investors were looking for higher adjusted earnings of $1.62 per share on revenue of $1.81 billion.
IMAGE SOURCE: J.M. SMUCKER CO.