UPDATE: Smucker Posts 3.1% Rise In FQ2 Earnings, Lowers Sales Outlook

J.M. Smucker Co (NYSE: SJM ) reported a 3.1% rise in its fiscal second-quarter earnings and cut its sales forecast for the year. Smucker now expects sales to drop around 2% versus last year, versus its previous outlook for a 1% decline. Smucker's quarterly profit gained to $153.4 million,