DJIA falls into depths of red swamp , The JM Smucker Company (NYSE: SJM) captures good earnings

The J.M. Smucker Company aims higher

In brief: The J.M. Smucker Company (NYSE: SJM) quarterly profit rose to $ 102.9 million The Dow Jones Industrial Average is unable to regain foothold suffering decrease in the first half of trading.

The Dow Jones Industrial Average remains in the red zone, close to the mark of 10,188.19 points, down -83.02 (-0.81%). The J.M. Smucker Company (NYSE: SJM) shares reached 59.53 points, gaining +1.50 (2.58%) in early trading.

The U.S.-based JM Smucker has recorded for the first quarter ending July 31 a net profit of $ 102.9 million, or 86 cents per share, compared with $ 98.1 million, or 83 cents per share previous year. Revenue for the period remains unchanged amounting to $ 1.05 billion. So far, it was the first hopeful report in today trading. Bulls hope for better news next week.

Igor Tringlers
2010-08-20 15:55, Economics.

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