Investing.com - Scotts Miracle-Gro reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Scotts Miracle-Gro announced earnings per share of $-2.04 on revenue of $493.6M. Analysts polled by Investing.com anticipated EPS of $-1.97 on revenue of $513.37M.
Scotts Miracle-Gro shares are down 20% from the beginning of the year, still down 74.31% from its 52 week high of $180.43 set on November 12, 2021.
Scotts Miracle-Gro shares gained 0.04% in pre-market trade following the report.
Scotts Miracle-Gro follows other major Materials sector earnings this month
Scotts Miracle-Gro's report follows an earnings beat by Sherwin-Williams on October 25, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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