The Scotts Miracle-Gro Co. Q3 Profit Increases, Beats Estimates

(RTTNews) - The Scotts Miracle-Gro Co. (SMG) reported earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $149.1 million, or $2.54 per share. This compares with $132.1 million, or $2.28 per share, last year.

Excluding items, The Scotts Miracle-Gro Co. reported adjusted earnings of $151.5 million or $2.59 per share for the period.

Analysts on average had expected the company to earn $2.26 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.2% to $1.188 million from $1.202 million last year.

The Scotts Miracle-Gro Co. earnings at a glance (GAAP) :

-Earnings: $149.1 Mln. vs. $132.1 Mln. last year. -EPS: $2.54 vs. $2.28 last year. -Revenue: $1.188 Mln vs. $1.202 Mln last year.

-Guidance: Full year EPS guidance: $3.50