McCormick & Co Q3 Adj $0.83 Beats $0.67 Estimate, Sales $1.68B Beat $1.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
McCormick & Co (NYSE:MKC) reported Q3 earnings of $0.83 per share, surpassing the $0.67 estimate, and sales of $1.68 billion, slightly above the $1.67 billion estimate. Earnings increased by 27.69% year-over-year, while sales slightly decreased by 0.36%.
October 01, 2024 | 10:32 am
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McCormick & Co reported Q3 earnings of $0.83 per share, beating the $0.67 estimate, with sales of $1.68 billion, slightly above the $1.67 billion estimate. Earnings increased by 27.69% year-over-year, while sales slightly decreased by 0.36%.
McCormick & Co's Q3 earnings significantly exceeded expectations, with a 23.88% beat on EPS and a slight beat on sales. The strong earnings growth of 27.69% year-over-year is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100