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UPDATE: McCormick Q2 Profit Rises 9%

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McCormick & Co (NYSE: MKC) reported a rise in its second-quarter earnings.

McCormick's quarterly earnings surged to $80.4 million, or $0.60 per share, versus $73.6 million, or $0.55 per share, in the year-earlier period. Its sales rose to $984 million from $883.7 million.

Analysts were expecting earnings of $0.60 per share on sales of $966.3 million.

It continues to project 2012 earnings of $3.01 to $3.06 per share, versus analysts' estimates of $3.05 per share.

McCormick shares closed at $57.42 yesterday.

Posted-In: profitEarnings News Guidance

 

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