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McCormick & Co. Q1 adjusted earnings Beat Estimates

McCormick & Co. (MKC) reported a profit for its first quarter that rose from the same period last year.

The company's bottom line came in at $161.8 million, or $0.60 per share. This compares with $144.7 million, or $0.54 per share, in last year's first quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $193.6 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.3% to $1.48 billion from $1.21 billion last year.

McCormick & Co. earnings at a glance:

-Earnings (Q1): $193.6 Mln. vs. $145.4 Mln. last year.
-EPS (Q1): $0.72 vs. $0.54 last year.
-Analysts Estimate: $0.58
-Revenue (Q1): $1.48 Bln vs. $1.21 Bln last year.

-Guidance:
Full year EPS guidance: $2.97 to $3.02

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