McCormick & Co. Q3 Profit Increases, Beats Estimates

(RTTNews) - McCormick & Co. (MKC) announced a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings came in at $225.5 million, or $0.84 per share. This compares with $223.1 million, or $0.83 per share, last year.

Excluding items, McCormick & Co. reported adjusted earnings of $229.1 million or $0.85 per share for the period.

Analysts on average had expected the company to earn $0.82 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.7% to $1.724 billion from $1.679 billion last year.

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

-Earnings: $225.5 Mln. vs. $223.1 Mln. last year. -EPS: $0.84 vs. $0.83 last year. -Revenue: $1.724 Bln vs. $1.679 Bln last year.

-Guidance: Full year EPS guidance: $3.00 to $3.05