Shares of J.M. Smucker were rising after the maker of Jif peanut butter turned in strong quarterly results. For its second fiscal quarter ended Oct. 31, the company reported adjusted earnings of $2.76 per share,

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J.M. Smucker grew its fiscal Q2 comparable net sales by 2% year over year. Adjusting for currency fluctuations, divestitures, and the acquisition of Hostess, sales were up 17% to $2.3 billion. This number was expected.