Investors Ride 3 Earnings Rollercoaster Rides
The Scotts Miracle-Gro Co. (NYSE:SMG) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Net loss decreased -7.58% to $68.3 million ($1.12 per diluted share) in the quarter versus a net loss of $73.9 million in the year-earlier quarter. Revenue decreased 2.56% to $205.8 million from the year-earlier quarter.
The Scotts Miracle-Gro Co. reported adjusted net loss of $1.12 per share. It beat the average revenue estimate of $199.65 million.