J. M. Smucker Co. Jumped To A New High Following Q2 Report

Posted on: Fri, 20 Nov 2009 16:41:00 EST


Symbols: SJM
(RTTNews) - J. M. Smucker Co. (SJM | Quote | Chart | News | PowerRating) reported second quarter EPS of $1.22 Friday morning, up from $1.01 in the prior year period. The consensus estimate was for EPS of $1.04. The company now expects to report full year 2010 EPS of $3.95 to $4.05, up from prior expectations of $3.65 to $3.80.

J. M. Smucker Co. gapped open sharply higher Friday, but traded in a narrow range throughout the day. The stock closed up by 2.87 at $56.35 on the highest volume in 5 months. Shares rose past the upper end of a 3-month trading range and set a new high for the year.

For comments and feedback: contact editorial@rttnews.com
Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved

For full details on Jm Smucker (SJM) SJM. Jm Smucker (SJM) has Short Term PowerRatings at TradingMarkets. Details on Jm Smucker (SJM) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday February 11 04:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.