India, Jan. 29 -- The Scotts Miracle-Gro Company (SMG), a provider of lawn and garden care products, Wednesday reported lower loss for the first quarter, better than analysts' expectations. The company's shares were more than 6 percent up in pre-market.
Scotts Miracle-Gro posted net loss of $69.5 million, or $1.21 per share for the first quarter, narrower than $80.5 million, or $1.42 per share loss in the same quarter a year ago.
Excluding one-time items, adjusted loss was $51 million, or $0.89 per share, that beat the analysts average estimate of $1.23 per share loss. Analysts' estimates typically exclude special items.
Adjusted EBITDA, or adjusted earnings before interest, taxes, depreciation, and amortization for the quarter was posit...