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BUSINESS Scotts Miracle Beats Revenue Estimates Even As Sales Drop
The Scotts Miracle-Gro Company (NYSE: SMG) reported full-year financial results as sales dropped 17% in the fourth quarter to $737.8 million. Still, this topped the Yahoo Finance average analyst estimate for sales of $689 million. Scott’s reported a GAAP loss in the quarter of $0.87 per share compared with earnings last year of $0.07 per diluted share. The adjusted loss in the quarter was $0.82 per share compared with earnings of $0.06 per diluted share a year ago. The estimate was for a loss of $0.84.
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