The Scotts Miracle-Gro Co. Q2 Income Falls 10%

(RTTNews) - The Scotts Miracle-Gro Co. (SMG) announced a profit for second quarter that dropped from last year.

The company said its earnings totaled $168.7 million, or $2.78 per share. This was lower than $186.6 million, or $3.00 per share, in last year's second quarter.

Analysts had expected the company to earn $2.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.2% to $1.20 billion. This was down from $1.24 billion last year.

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

-Earnings (Q2): $168.7 Mln. vs. $186.6 Mln. last year. -Earnings Decline (Y-o-Y): -9.6% -EPS (Q2): $2.78 vs. $3.00 last year. -EPS Decline (Y-o-Y): -7.3% -Analysts Estimate: $2.90 -Revenue (Q2): $1.20 Bln vs. $1.24 Bln last year. -Revenue Change (Y-o-Y): -3.2%