Why Scotts Miracle-Gro Stock Soared Today
Shares of Scotts Miracle-Gro (NYSE: SMG) were up 9.3% as of 3:06 p.m. EDT after rising as much as 11% earlier in the day. The big jump came after the company announced its fiscal 2019 third-quarter earnings results before the market opened on Wednesday.
Scotts reported 18% year-over-year revenue growth. It handily beat consensus Wall Street revenue and earnings estimates. The lawn and garden product supplier also raised its full-year 2019 revenue and earnings guidance.
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