UPDATE: Smucker Q4 Profit Surges 25%

J.M. Smucker Co

reported a 25% rise in its fourth-quarter profit. Smucker's quarterly profit surged to $130.3 million, or $1.22 per share, versus $104.1 million, or $0.93 per share, in the year-ago period. Its adjusted earnings came in at $1.29 per share. Its revenue declined to $1.34 billion from $1.36 billion. However, analysts were projecting earnings of $1.16 per share on revenue of $1.35 billion. Smucker expects 2014 adjusted earnings of $5.65 to $5.75. Smucker shares closed at $102.37 yesterday.