Smucker’s profit tops estimates as Hostess acquisition sweetens its business

The J.M. Smucker Co. on Tuesday reported stronger-than-expected adjusted third-quarter profit, as it integrated its acquisition of Hostess Brands and total sales rose 1%.J.M. Smucker Co. SJM, -0.53%said its net income dropped to $120.4 million, or $1.14 a share, for its fiscal third quarter through Jan. 31,down from $208.5 million, or $1.96 a share, in the year-earlier period. The parent of brands such as Folgers coffee, Dunkin’, Hostess and Milk-Bone pet food said adjusted per-share earni