J. M. Smucker Q1 Profit Up, Sales Down; Backs FY17 EPS View, Cuts Sales Forecast

J. M. Smucker Co., a branded food and beverage products company, reported Tuesday higher profit in its first quarter of fiscal 2017, while sales declined on divestment and weak prices. Further, the company maintained its forecast for fiscal 2017 earnings, but trimmed sales view. In pre-market activity on the NYSE, shares were losing 3.38 percent

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