McCormick & Co 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.