January 30, 2018 / 12:11 PM / 7 months ago

BRIEF-Scotts Miracle-Gro Reports Q1 GAAP Loss Per Share Of $0.35 From Continuing Operations

Jan 30 (Reuters) - Scotts Miracle-Gro Co:

* SCOTTSMIRACLE-GRO REPORTS FIRST QUARTER RESULTS; COMPANY-WIDE SALES INCREASE 7% DUE TO HAWTHORNE ACQUISITIONS

* Q1 ADJUSTED NON-GAAP LOSS PER SHARE $1.08 FROM CONTINUING OPERATIONS EXCLUDING ITEMS

* Q1 GAAP LOSS PER SHARE $0.35 FROM CONTINUING OPERATIONS

* Q1 EARNINGS PER SHARE VIEW $-0.94 — THOMSON REUTERS I/B/E/S

* Q1 SALES $221.5 MILLION VERSUS I/B/E/S VIEW $234.1 MILLION

* FULL-YEAR SALES GUIDANCE REDUCED TO A RANGE OF 2 TO 4 PERCENT

* SCOTTS MIRACLE-GRO - INCREASED FISCAL 2018 NON-GAAP ADJUSTED EARNINGS GUIDANCE TO A RANGE OF $4.60 TO $4.80 PER SHARE

* ‍ LOWER TAX RATE AND SHARE COUNT HAD A NEGATIVE IMPACT OF ABOUT $0.15 ON NON-GAAP EARNINGS IN QUARTER​ Source text for Eikon: Further company coverage:

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