FX.co ★ McCormick & Co. Q4 Profit Increases, beats estimates

McCormick & Co. (MKC) reported a rise in profits for its fourth quarter, surpassing last year's results and exceeding Wall Street's predictions. The company's earnings were $219.3 million, equating to $0.81 per share, up from $185.7 million, or $0.69 per share from the fourth quarter of the previous year.

When looked at without exceptional items, McCormick & Co. reported adjusted earnings of $229.9 million, or $0.85 per share for the financial period. The forecast from analysts had predicted the company would earn $0.79 per share on average, according to data provided by Thomson Reuters. Notably, these estimates usually exclude special items.

Revenues for the company during this quarter rose 2.9% to a total of $1.75 billion, up from $1.70 billion recorded in the same period last year.

Here's a brief overview of McCormick & Co.'s earnings in accordance with Generally Accepted Accounting Principles (GAAP):

- Earnings for Q4: $219.3 million, an increase from $185.7 million the prior year.

- Earnings per Share (EPS) for Q4: $0.81, up from $0.69 last year.

- Analyst's Estimates: $0.79

- Revenue for Q4: $1.75 billion, an increase from $1.70 billion last year.