McCormick & Co. Q3 adjusted earnings Beat Estimates

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

The company's bottom line totaled $212.4 million, or $0.79 per share. This compares with $206.1 million, or $0.76 per share, in last year's third quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $216.9 million or $0.80 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $1.55 billion from $1.43 billion last year.

McCormick & Co. earnings at a glance:

-Earnings (Q3): $216.9 Mln. vs. $206.2 Mln. last year.
-EPS (Q3): $0.80 vs. $0.76 last year.
-Analysts Estimate: $0.72
-Revenue (Q3): $1.55 Bln vs. $1.43 Bln last year.

Full year EPS guidance: $2.97 - $3.02

For comments and feedback contact: editorial@rttnews.com

Follow RTT