WASHINGTON (dpa-AFX) - McCormick & Co. (MKC) revealed earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $162.3 million, or $0.60 per share. This compares with $166.0 million, or $0.62 per share, last year.
Excluding items, McCormick & Co. reported adjusted earnings of $162.3 million or $0.60 per share for the period.
Analysts on average had expected the company to earn $0.64 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.2% to $1.605 billion from $1.602 billion last year.
McCormick & Co. earnings at a glance (GAAP) :
-Earnings: $162.3 Mln. vs. $166.0 Mln. last year. -EPS: $0.60 vs. $0.62 last year. -Revenue: $1.605 Bln vs. $1.602 Bln last year.
-Guidance: Full year EPS guidance: $3.03 to $3.08
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