HUNT VALLEY, Md. (AP) — HUNT VALLEY, Md. (AP) — McCormick & Co. (MKC) on Thursday reported fiscal second-quarter net income of $150.1 million.
The Hunt Valley, Maryland-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring costs, were 80 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The spices and seasonings company posted revenue of $1.94 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.9 billion.
McCormick expects full-year earnings in the range of $3.05 to $3.13 per share.
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