Scotts Miracle-Gro SMG reported a drop in its fiscal third-quarter profit.
Scotts Miracle-Gro's quarterly profit fell to $99.4 million, or $1.60 per share, versus $126.7 million, or $1.91 per share, in the year-earlier period.
Its revenue declined to $1.062 billion, from $1.058 billion. However, analysts were expecting earnings of $1.93 per share.
Scotts Miracle-Gro shares closed at $41.39 yesterday.
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