J.M. Smucker, Dole Announce Earnings

J. M. Smucker (SJM) announced that second quarter earnings increased by 17 percent due to higher prices and increased sales from an acquisition. The peanut butter and jelly maker earned $148.8 million, or $1.36 per share, versus $127.2 million, or $1.12 per share, in the same period last year. Analysts had expected a profit of $1.45 per share. Revenue increased by 8 percent to $1.63 billion, meeting expectations.