Friday, September 30, 2016

McCormick's third-quarter earnings rise 31%, top estimates

McCormick & Co. Inc.’s third-quarter earnings rose 31 percent on rising sales from recent acquisitions, topping expectations set by Wall Street. The Sparks-based spice maker reported earnings of $127.7 million, or $1 per share, for the quarter ending Aug. 31. That’s up from $97.6 million, or 76 cents per share, in the year-ago period. Analysts polled by Thomson Financial Network predicted earnings of 94 cents per share. The increase was largely due to a 3 percent rise in sales from last year.…



from http://www.bizjournals.com/baltimore/news/2016/09/30/mccormicks-third-quarter-earnings-rise-31-top.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/151144755662

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