McCormick: Fiscal 1Q Earnings Snapshot

HUNT VALLEY, Md. (AP) _ McCormick & Co. (MKC) on Tuesday reported fiscal first-quarter earnings of $144.7 million.

The Hunt Valley, Maryland-based company said it had net income of $1.08 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The spices and seasonings company posted revenue of $1.21 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.23 billion.

McCormick shares have declined 16% since the beginning of the year, while the Standard & Poor's 500 index has declined 19%. The stock has declined roughly 4% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKC at https://www.zacks.com/ap/MKC