Scotts beats estimates

02/3/2010 | Reuters

Scotts Miracle-Gro reported an adjusted net loss of 73 cents per share for the first quarter, beating analysts' estimates. Increased spending in lawn and garden products helped net sales rise 6% to $302.2 million. The company plans to launch a branded line of bird food at Home Depot and Lowe's this year -- a "tremendous positive" for the company according to BGB Securities analyst Sam Yake.

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