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McCormick & Co. Q3 adjusted earnings Beat Estimates

McCormick & Co. (MKC) reported earnings for its third quarter that increased from last year.

The company's bottom line came in at $191.9 million, or $1.43 per share. This compares with $173.5 million, or $1.30 per share, in last year's third quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $196.5 million or $1.46 per share for the period.

Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.8% to $1.33 billion from $1.32 billion last year.

McCormick & Co. earnings at a glance:

-Earnings (Q3): $196.5 Mln. vs. $170.0 Mln. last year.
-EPS (Q3): $1.46 vs. $1.28 last year.
-Analysts Estimate: $1.29
-Revenue (Q3): $1.33 Bln vs. $1.32 Bln last year.

Full year EPS guidance: $5.30 to $5.35

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