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J. M. Smucker reported a 25% growth in 1Q17 earnings driven by lower costs and expenses, despite lower sales. Net income rose to $170MM or $1.46 per share from $136.4MM or $1.14 per share last year. Adjusted EPS increased 16% to $1.86, reflecting incremental synergy realization, a lower tax rate, and fewer shares outstanding.Read less