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Stock Market & Financial Investment News

News Breaks
November 16, 2012
10:28 EDTSJMJ.M. Smucker: Supplier driven constraints slightly impacted volume performance
Says supplier-driven constraints for retail coffee canisters did have a "slight" impact on Q2 volume performance. Says expects this constraint to be fully behind it by the end of Q3, allowing it to return to acceptable inventory levels by end of FY. Comments made on the Q2 earnings conference call.
News For SJM From The Last 14 Days
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February 26, 2015
07:24 EDTSJMDunkin' Brands to host business news update conference call
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06:07 EDTSJMDunkin' Brands, J.M. Smucker, Keurig expand partnership
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February 17, 2015
15:54 EDTSJMJ.M. Smucker targets long-term EPS growth of 8% plus
Targets long term organic growth 3%-4%.
15:51 EDTSJMJ.M. Smucker share repurchase activity on hold in near time
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07:15 EDTSJMConsumer Analyst Group of New York (CAGNY) to hold a conference
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February 13, 2015
11:29 EDTSJMJ.M. Smucker trades higher despite cautious comments on Q4, FY15
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09:21 EDTSJMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Cytokinetics (CYTK), up 15.6%... King Digital (KING), up 22.2%... Cyberark Software (CYBR), up 19.2%... Web.com (WWWW), up 4%... CBS (CBS), up 3.4%. ALSO HIGHER: Freescale Semiconductor (FSL), up 10.9% following a New York Post report that the company is exploring a sale. Carlyle Group (CG), which owns Freescale, along with Blackstone (BX), is up 1.5%. Blackstone is up fractionally... Whiting Petroleum (WLL), up 4.4% following a Bloomberg report that the company is seeking a buyer for assets in North Dakota... Ariad Pharmaceuticals (ARIA), up 5.7% following a CNBC report that Sarissa Capital is seeking to replace Ariad CEO and Chairman Harvey Berger. DOWN AFTER EARNINGS: Knowles (KN), down 20.3%... Zynga (ZNGA). down 12.4%... J.M. Smucker (SJM), down 2.1%. ALSO LOWER: Magnachip Semiconductor (MX), down 51.7% after restating financial results... Idera Pharmaceuticals (IDRA), down 7.6% after 20M share Secondary priced at $3.75.
09:05 EDTSJMJ.M. Smucker sees Q4 EPS below consensus estimates, consensus $1.18
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07:08 EDTSJMJ.M. Smucker reports Q3 US Retail Consumer segment volume up 1%
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07:07 EDTSJMJ.M. Smucker: U.S. Retail Coffee business continue to be challenged
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07:04 EDTSJMJ.M. Smucker sees modest decrease in net sales in Q4, consensus $1.26B
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07:03 EDTSJMJ.M. Smucker not providing formal update to FY15, free cash flow guidance
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07:02 EDTSJMJ.M. Smucker sees FY15 EPS to be below midpoint of previous guidance
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07:01 EDTSJMJ.M. Smucker reports Q3 non-GAAP EPS $1.54, consensus $1.51
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February 12, 2015
17:52 EDTSJMConAgra, Campbell drop after lowering yearly view on FX headwinds
Shares of food product companies ConAgra Food (CAG) and Campbell Soup Company (CPB) are trading lower in extended trading after both companies issued profit warnings as a result of currency headwinds. WHAT'S NEW: After the closing bell, ConAgra said it sees third quarter earnings per share 10c below the 62c it earned in the same quarter last year. Consensus estimates for ConAgra's Q3 EPS are currently 61c. The company also lowered its EPS view for 2015 to $2.13-$2.18 against consensus estimates of $2.26. The company said, "A strengthening dollar has negatively impacted the EPS outlook, as has a higher-than-planned mark-to-market loss from certain commodity index hedges as discussed in the company’s fiscal second-quarter earnings release. Two operating issues account for the majority of the change in EPS expectations: Profitability for the Private Brands segment is weaker than planned due to a highly competitive bidding environment, as well as execution shortfalls, which together have negatively impacted recent results and near-term expectations for volumes, pricing, and margins.The ongoing longshoremen labor dispute on the U.S. West Coast has continued longer than the company expected, which has negatively impacted exports of Lamb Weston potato products to international markets." Another food company, Campbell Soup Company, lowered its second quarter and full year 2015 guidance after the closing bell. Campbell's gave second quarter EPS guidance of 65c-66c, which was below consensus estimates, and added that net sales for Q2 will decline by approximately 2%, reflecting the negative impact of currency translation. The company estimates that Q2 adjusted EBIT will decline by approximately 17%, due primarily to lower gross margin performance and the negative impact of currency translation. Campbell lowered its FY15 EPS view to $2.32-$2.38 against a consensus estimate of $2.45. PRICE ACTION: Campbell Soup Company is trading lower by 4.2% to $45.70 in extended trading while ConAgra shares are 2.75% lower to $35.42. OTHERS TO WATCH: Other food product companies include General Mills (GIS), Kraft Foods Group (KRFT), Mondelez International (MDLZ), Tyson Foods (TSN), Dean Foods (DF), The WhiteWave Foods Company (WWAV), and J M Smucker (SJM).
15:41 EDTSJMNotable companies reporting before tomorrow's open
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