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McCormick & Company Inc
MKC 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.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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