Tuesday, March 29, 2016

McCormick earnings outpace estimates as Premier acquisition hangs unresolved

Rising sales fueled an increase in first-quarter profitability at McCormick & Co. Inc., helping the spice giant beat analysts’ estimates in earnings released Tuesday, just days after attempts to take over a British food heavyweight became public. Sparks-based McCormick (NYSE: MKC) posted net income of $93.4 million, or 73 cents per share, for its first quarter ending Feb. 29. Earnings were up 32 percent from $70.5 million, or 55 cents per share, in the same quarter a year ago, when McCormick took…



from http://www.bizjournals.com/baltimore/news/2016/03/29/mccormick-earnings-outpace-estimates-as-premier.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/141900486287

No comments:

Post a Comment