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UPDATE: McCormick Posts Upbeat Q1 Earnings

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Credit Suisse Reiterates Neutral, Raises PT On McCormick & Company, Incorporated On Signs Of Stabilization
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McCormick (NYSE: MKC) reported better-than-expected first-quarter earnings.

McCormick reported its quarterly earnings of $0.62 per share, up from $0.57 per share, in the year-ago period.

Its revenue climbed 6.3% to $993.4 million. However, analysts were expecting a profit of $0.58 per share on revenue of $974.47 million.

McCormick reaffirmed its FY14 earnings forecast of $3.22 to 3.29 per share, versus analysts' estimates of $3.25 per share.

McCormick shares gained 5.98% to $71.55 at 11:15 a.m. ET.

Posted-In: profitEarnings News Guidance

 

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