Investing.com - McCormick (NYSE:MKC)&Co reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McCormick&Co announced earnings per share of $1.53 on revenue of $1.43B. Analysts polled by Investing.com anticipated EPS of $1.52 on revenue of $1.4B.
McCormick&Co shares are up 10% from the beginning of the year, still down 11.32% from its 52 week high of $211.07 set on September 3. They are outperforming the S&P 500 which is up 3.81% from the start of the year.
McCormick&Co shares lost 4.10% in intra-day trade following the report.
McCormick&Co follows other major Consumer/Non-Cyclical sector earnings this month
McCormick&Co's report follows an earnings beat by General Mills on September 23, who reported EPS of $1 on revenue of $4.36B, compared to forecasts EPS of $0.88 on revenue of $4.22B.
Brown Forman had beat expectations on September 2 with first quarter EPS of $0.4 on revenue of $753M, compared to forecast for EPS of $0.3 on revenue of $691.25M.
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