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McCormick & Co. (MKC) Has Gapped Open Sharply Lower After Q4 Miss

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McCormick & Co. (MKC: Quote) reported fourth quarter net income of $1.11 per share Thursday morning, compared to $0.98 per share a year ago. The consensus estimate was for EPS of $1.14. The company expects to report full year 2013 EPS of $3.15 to $3.23, compared to the consensus estimate of $3.36.

McCormick & Co. gapped open sharply lower Thursday and is now down 4.07 at $62.52 on above average volume. The stock has dropped to a 2-month low and has fallen below its 50-day moving average.

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by RTT Staff Writer

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