J.M. Smucker, a maker of food products, showed fourth quarter earnings that were so good a lot were not expecting them to be that good. Based on these earnings and other factors, they also provided a forecast for the entire year which is a lot better than was previously expected by them and by other observers. This company, which is based in Orville, Ohio, reported that they earned $120.6 million, a lot better than last year’s $94.3 million. The former earning is equivalent to $1.01 per share while the latter is equivalent to 80 cents per share.

The adjusted profit, not including items that are one time, is calculated to be 99 cents per share. This is much higher than was expected and predicted after careful analysis by analysts from Wall Street. In fact, they predicted that J.M. Smucker will profit with 80 cents per share.

Compared to last year, the sales are relatively flat at 1.07 billion dollars, but this is also better than what the Wall Street analysts predicted, which is 1.04 billion dollars. For the full year earnings, J.M. Smucker calculated that they will have full-year earnings amounting to $4.50 up to $4.60 per share. This Thursday, it’s earnings rose to 6.4 percent.