MARYSVILLE, Ohio (AP) Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $147 million in its fiscal fourth quarter.
The Marysville, Ohio-based company said it had a loss of $2.65 per share. Losses, adjusted for asset impairment costs and to account for discontinued operations, came to 75 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 67 cents per share.
The lawn and garden products company posted revenue of $433.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $442.6 million.
For the year, the company reported profit of $63.7 million, or $1.12 per share. Revenue was reported as $2.66 billion.
Scotts expects full-year earnings in the range of $4.10 to $4.30 per share.
Scotts shares have declined 34 percent since the beginning of the year. The stock has declined 28 percent in the last 12 months.