Scotts Miracle Gro Company (SMG)

The Scotts Miracle-Gro Company (SMG) fell 19.01% to $57.86 after the company reported worse-than-expected third-quarter financial results, and slashed its guidance for the year, showing that its turnaround strategy still isn't delivering the desired impact. Scotts Miracle-Gro said revenue fell 6% to $1.12 billion, missing analysts' consensus estimate of $1.16 billion. Gross margin declined from 19.9% to 18.4% due to higher commodity costs and one-time inventory write-offs.

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