McCormick & Co Q3 Adj EPS $0.65, Inline, Sales $1.69B Miss $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
McCormick & Co reported Q3 adjusted earnings of $0.65 per share, in line with analyst consensus. However, the company's quarterly sales of $1.69 billion missed the consensus estimate of $1.70 billion by 0.88 percent. This represents a 5.8 percent decrease in earnings and a 5.58 percent increase in sales compared to the same period last year.
October 03, 2023 | 10:32 am
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McCormick & Co's Q3 earnings met expectations but sales missed estimates. This could potentially impact the company's stock price.
While McCormick & Co's earnings were in line with expectations, the company's sales missed estimates. This mixed financial performance could lead to uncertainty among investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100