These 5 Stocks are Skyrocketing Today

3. The J. M. Smucker Company (NYSE:SJM)

Number of Hedge Fund Holders: 38

Shares of The J. M. Smucker Company (NYSE:SJM) rose over three percent in the pre-market trading session today. The surge came after the food and beverage maker beat profit expectations for its fiscal second quarter and improved its outlook for the full year.

The J. M. Smucker Company (NYSE:SJM) earned $2.40 per share on an adjusted basis, crushing expectations of $2.18 per share. Revenue for the quarter jumped 7.6 percent on a year-over-year basis to $2.21 billion, beating estimates of $2.17 per share.

For its fiscal year 2023, The J. M. Smucker Company (NYSE:SJM) now expects adjusted earnings in the range of $8.35 – $8.75 per share, up from its previous outlook between $8.20 – $8.60 per share.

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