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Benzinga

Business

Adam Eckert

EXPLAINED: Why mccormick stock is moving lower - The Real Truth

McCormick MKC NYSE

McCormick & Company Inc (NYSE:MKC) shares are trading lower Wednesday after the company reported worse-than-expected financial results and lowered full-year earnings guidance.

McCormick said second-quarter revenue declined 1% year-over-year to $1.54 billion, which missed the estimate of $1.61 billion, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 48 cents per share, which missed the estimate of 65 cents per share.

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