McCormick & Co: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
McCormick & Co (NYSE:MKC) reported Q2 earnings, beating estimates by 5.26% with an EPS of $0.6 against an estimate of $0.57. Revenue was up $122.20 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 0.02% increase in the share price the next day.
June 29, 2023 | 10:40 am
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McCormick & Co's Q2 earnings beat estimates, continuing a trend from the previous quarter. This could potentially lead to a short-term increase in the share price.
McCormick & Co has reported better than expected earnings for Q2, beating estimates by 5.26%. This follows a similar trend from the previous quarter, where beating estimates led to a slight increase in the share price. Given this pattern, it's reasonable to expect a potential short-term increase in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100