The Scotts Miracle-Gro Co. Q3 adjusted earnings Beat Estimates

(RTTNews) - The Scotts Miracle-Gro Co. (SMG) released earnings for third quarter that dropped from the same period last year.

The company's bottom line came in at $82.8 million, or $1.47 per share. This compares with $151.9 million, or $2.53 per share, in last year's third quarter.

Excluding items, The Scotts Miracle-Gro Co. reported adjusted earnings of $150.1 million or $2.67 per share for the period.

Analysts had expected the company to earn $2.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $994.6 million from $973.4 million last year.

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

-Earnings (Q3): $150.1 Mln. vs. $148.3 Mln. last year. -EPS (Q3): $2.67 vs. $2.47 last year. -Analysts Estimate: $2.58 -Revenue (Q3): $994.6 Mln vs. $973.4 Mln last year.

-Guidance: Full year EPS guidance: $3.70 - $3.90