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Scotts Miracle-Gro Co. cuts it down in third quarter, revenues still perk up

Scotts reported adjusted earnings of US$150.1 million or US$2.67 per share for the period

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Analysts had expected Scotts Miracle-Gro Co. to earn US$2.58 per share.

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.

Quick facts: The Scotts Miracle-Gro Company

Price: 213.15 USD

NYSE:SMG
Market: NYSE
Market Cap: $11.87 billion
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