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UPDATE 1-ScottsMiracle-Gro posts bigger Q3 profit
August 10, 2010 / 11:37 AM / in 7 years

UPDATE 1-ScottsMiracle-Gro posts bigger Q3 profit

* Q3 adj EPS $2.61 vs $2.34 last yr

* Q3 rev up 1 pct

Aug 10 (Reuters) - Lawn and garden-products ScottsMiracle-Gro Co (SMG.N) posted a bigger quarterly profit as continued interest in hobbies like gardening in the United States resulted in better sales of related products.

For the third quarter, the lawn- and garden-products maker’s adjusted income from continuing operations were $176.9 million, or $2.61 a share, compared with $155.0 million, or $2.34 a share last year.

Revenue was up one percent at $1.24 billion.

Analysts on average were expecting earnings of $2.45 per share on revenue of $1.23 billion, according to Thomson Reuters I/B/E/S.

Shares of the Marysville, Ohio-based ScottsMiracle-Gro closed at $46.37 Monday on the New York Stock Exchange. (Reporting by Shobhana Chadha in Bangalore; Editing by Prem Udayabhanu)

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