UPDATE: McCormick Reports Q2 Profit of $73.6M

McCormick & Company Inc

released its second-quarter results on Thursday. McCormick reported its quarterly profit at $73.6 million, or $0.55 per share, up from $66.2 million, or $0.49 per share, in the year-earlier period. Its sales climbed 11% to $883.7 million. However, analysts were expecting earnings of $0.54 per share on revenue of $854.3 million. McCormick projects 2011 earnings of $2.80 to $2.85 per share, excluding $0.06 per share in transaction costs. Analysts expected 2011 earnings of $2.83 per share. MKC shares dropped 0.04% to $50.98 in after-hours trading. Read more