Market Overview

UPDATE: McCormick Posts Upbeat Q1 Earnings

Related MKC
US Stock Futures Rise Ahead Of ADP Report
McCormick Posts Upbeat Q2 Earnings, Lifts FY15 Earnings Forecast
McCormick (MKC) Beats on Q2 Earnings; Revenue Lags - Tale of the Tape (Zacks)

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


Related Articles (MKC)

Around the Web, We're Loving...

Get Benzinga's Newsletters