McCormick & Co. (MKC) Misses Q3 EPS by 2c; Sees FY15 EPS at Lower-End of Guidance

McCormick & Co. (NYSE: MKC) reported Q3 EPS of $0.85, $0.02 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.06 billion.

Based on strong year-to-date sales growth and momentum heading into the fourth quarter, the company guided to the upper end of its 4% to 6% projected constant currency sales growth range for fiscal year 2015. Based largely on the third quarter profit result and expected currency impact, the company projects adjusted earnings per share at the lower end of its $3.47 to $3.54 guidance range.

For earnings history and earnings-related data on McCormick & Co. (MKC) click here.

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