February 16/Orville, Ohio/Associated Press -- J.M. Smucker Co. said its fiscal third-quarter net income dropped 11% as it struggled to manage higher costs and sold less of its products.
For the three months that ended January 31, the company said it earned $116.8 million, or $1.03 per share, compared with $132 million, or $1.11 per share, a year earlier.