McCormick & Co Q2 EPS $0.60 Beats $0.57 Estimate, Sales $1.66B Miss $1.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
McCormick & Co reported Q2 earnings of $0.60 per share, beating the analyst consensus estimate of $0.57 by 5.26%. However, the company's quarterly sales of $1.66 billion missed the estimate of $1.67 billion by 0.60%. The earnings represent a 25% increase from last year, while the sales show an 8.02% increase.
June 29, 2023 | 10:32 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
McCormick & Co's Q2 earnings beat estimates but sales missed, indicating mixed performance.
McCormick & Co's earnings beat estimates, which is positive for the stock. However, the missed sales estimate could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100