Scotts Miracle-Gro Shares Rise 3% on Earnings Beat and Margin Expansion
growth graph ©Shutterstock The Scotts Miracle-Gro Company (NYSE:SMG) reported second-quarter results on Wednesday that came in ahead of analyst expectations, supported by revenue growth and improved margins. Shares gained 3.18% in premarket trading following the announcement. The company posted adjusted earnings per share of $4.53 for the quarter ended March 28, beating the consensus estimate of $3.86 by $0.67. Revenue totaled $1.46 billion, exceeding forecasts of $1.41 billion and rising 5% compared ...