RTTNews | Jul 1, 2021 06:34AM EDT

06:34 Thursday, July 1, 2021 (RTTNews.com) - McCormick & Co. (MKC) released a profit for second quarter that dropped from the same period last year.

The company's profit came in at $183.7 million, or $0.68 per share. This compares with $195.9 million, or $0.73 per share, in last year's second quarter.

Excluding items, McCormick & Co. reported adjusted earnings of $186.1 million or $0.69 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.4% to $1.56 billion from $1.40 billion last year.

McCormick & Co. earnings at a glance:

-Earnings (Q2): $186.1 Mln. vs. $197.9 Mln. last year.-EPS (Q2): $0.69 vs. $0.74 last year.-Analysts Estimate: $0.61-Revenue (Q2): $1.56 Bln vs. $1.40 Bln last year.

-Guidance:Full year EPS guidance: $3.00 to $3.05

Read the original article on RTTNews ( https://www.rttnews.com/3206357/mccormick-co-q2-adjusted-earnings-beat-estimates.aspx)

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