McCormick shares rise on increase in second-quarter profit

McCormick & Co. Inc. shares rose in pre-market trading Thursday after the spice maker posted a 7 percent increase in second-quarter profit.

The Sparks spice maker reported a profit of $100 million in the quarter, or 79 cents per share, up from $93.8 million, or 73 cents per share, in the year-ago period. Excluding special charges, McCormick reported adjusted earnings of $103.4 million, 82 cents per share, compared to $95.6 million, or 75 cents per share, a year ago.

Net sales jumped 4.8 percent…

from http://www.bizjournals.com/baltimore/news/2017/06/29/mccormick-shares-rise-on-increase-in-second.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/162395339767

Advertisements

Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s