McCormick & Co. Q3 adjusted earnings Beat Estimates

(RTTNews) - McCormick & Co. (MKC) reported earnings for its third quarter that advanced from the same period last year.

The company's profit came in at $173.5 million, or $1.30 per share. This compares with $108.2 million, or $0.85 per share, in last year's third quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $170.0 million or $1.28 per share for the period.

Analysts had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.4% to $1.35 billion from $1.19 billion last year.

McCormick & Co. earnings at a glance:

-Earnings (Q3): $170.0 Mln. vs. $142.5 Mln. last year. -EPS (Q3): $1.28 vs. $1.12 last year. -Analysts Estimate: $1.27 -Revenue (Q3): $1.35 Bln vs. $1.19 Bln last year.

-Guidance: Full year EPS guidance: $4.95 to $5.00