UPDATE: McCormick Posts Upbeat Q1 Earnings
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.
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