McCormick Reports Higher Third Quarter Earnings and Increases Annual Outlook

On October 1, McCormick and Company, Inc. (MKC) released financial reports for the third quarter of 2019. Adjusted earnings per share rose 14% from $1.28 in the previous year to $1.46. Adjusted annual earnings per share estimates increased from between $5.20 and $5.30 to between $5.30 and $5.35. McCormick is a global leader in flavor.

 

Sonal detected the news event at 6:30 am. The next trade took place at 6:40 am for $155.55. The stock price moved higher after regular market trading opened and continued to climb throughout the day. McCormick closed at $166.95 for an event day gain of 7.3%.

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