ORRVILLE, Ohio (AP) _ J.M. Smucker Co. (SJM) on Thursday reported fiscal fourth-quarter earnings of $147 million.

On a per-share basis, the Orrville, Ohio-based company said it had net income of $1.35. Earnings, adjusted for one-time gains and costs, came to $1.89 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.

The food maker posted revenue of $1.92 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.87 billion.

For the year, the company reported profit of $876.3 million, or $7.79 per share. Revenue was reported as $8 billion.

Smucker expects full-year earnings in the range of $8.70 to $9.10 per share.

Smucker shares have risen 18% since the beginning of the year, while the S&P's 500 index has increased 12%. The stock has risen 18% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SJM at https://www.zacks.com/ap/SJM

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile