Market Overview

McCormick Trades Higher On Q3 Beat-And-Raise

Share:
McCormick Trades Higher On Q3 Beat-And-Raise

McCormick & Co (NYSE: MKC) shares are trading higher Tuesday after the company reported better-than-expected third-quarter EPS results and raised fiscal year 2019 EPS guidance above analyst estimates.

The company reported third-quarter earnings of $1.46 per share, which beat the analyst consensus estimate of $1.29 by 13.18%. 

McCormick raised its fiscal year 2019 EPS guidance from a range of $5.20-$5.30 to a range of $5.30-$5.35 versus the $5.28 Street estimate.

McCormick shares were trading up 1.09% at $158 in Tuesday’s premarket session. The stock has a 52-week high of $171.10 and a 52-week low of $119.

Related Links:

A Peek Into The Markets: US Stock Futures Rise Ahead Of Manufacturing Data

McCormick Reports Mixed Q2 Earnings

Photo by Abhijit Tembhekar via Wikimedia

Posted-In: Earnings News Guidance

 

Related Articles (MCK)

View Comments and Join the Discussion!

The Daily Biotech Pulse: Safety Scare For Anaptys' Psoriasis Drug, NewLink Genetics To Merge With Lumos, Insider Buy Props Up VBI Vaccines

Mahindra And Ford Announce Joint Venture To 'Drive Profitable Growth' In India And Emerging Markets