Scotts Miracle-Gro (SMG) Reports Q1 Loss, Lags Revenue Estimates

Scotts Miracle-Gro (SMG) came out with a quarterly loss of $1.45 per share versus the Zacks Consensus Estimate of a loss of $1.62. This compares to loss of $1.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.49%. A quarter ago, it was expected that this lawn and garden products company would post a loss of $2.83 per share when it actually produced a loss of $2.77, delivering a surprise of 2.12%.Over the last four quarters ...