Scotts Miracle-Gro Co. (NASDAQ:SMG) released earnings on Tuesday for the third quarter that dropped from the same period last year.
The company's bottom line came in at US$82.8 million, or US$1.47 per share.
This compares with US$151.9 million, or US$2.53 per share, in last year's third quarter.
The company reported adjusted earnings of US$150.1 million or US$2.67 per share for the period.
Analysts had expected the company to earn US$2.58 per share. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.2% to US$994.6 million from $973.4 million last year.
