25.01.2024 12:33:42 - dpa-AFX: McCormick & Co. Q4 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - McCormick & Co. (MKC) announced a profit for its
fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $219.3 million, or $0.81 per share. This
compares with $185.7 million, or $0.69 per share, in last year's fourth quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $229.9 million or
$0.85 per share for the period.

Analysts on average had expected the company to earn $0.79 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 2.9% to $1.75 billion from $1.70
billion last year.

McCormick & Co. earnings at a glance (GAAP) :

-Earnings (Q4): $219.3 Mln. vs. $185.7 Mln. last year.
-EPS (Q4): $0.81 vs. $0.69 last year.
-Analyst Estimate: $0.79
-Revenue (Q4): $1.75 Bln vs. $1.70 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MCCORMICK + CO.INC. N.VTG 858250 Frankfurt 65,120 31.05.24 08:07:59 +0,980 +1,53% 0,000 0,000 65,120 65,120

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