Investing.com - McCormick (NYSE:MKC)&Co reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McCormick&Co announced earnings per share of $0.72 on revenue of $1.48B. Analysts polled by Investing.com anticipated EPS of $0.585 on revenue of $1.37B.
McCormick&Co shares are down 5% from the beginning of the year and are trading at $90.13 , down-from-52-week-high.They are under-performing the S&P 500 which is up 5.72% from the start of the year.
McCormick&Co follows other major Consumer/Non-Cyclical sector earnings this month
McCormick&Co's report follows an earnings missed by Fomento Economico Mexicano on March 1, who reported EPS of $-3.49 on revenue of $130.69B, compared to forecasts EPS of $15.25 on revenue of $129.44B.
General Mills had missed expectations on March 24 with third quarter EPS of $0.82 on revenue of $4.52B, compared to forecast for EPS of $0.8383 on revenue of $4.45B.
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