McCormick & Co. Q2 Profit Increases, Beats Estimates

(RTTNews) - McCormick & Co. (MKC) announced earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $184.2 million, or $0.68 per share. This compares with $152.1 million, or $0.56 per share, in last year's second quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $185.6 million or $0.69 per share for the period.

Analysts on average had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $1.64 billion from $1.66 billion last year.

McCormick & Co. earnings at a glance (GAAP) :

-Earnings (Q2): $184.2 Mln. vs. $152.1 Mln. last year. -EPS (Q2): $0.68 vs. $0.56 last year. -Revenue (Q2): $1.64 Bln vs. $1.66 Bln last year.

-Guidance: Full year EPS guidance: $2.80 to $2.85