McCormick Stock Is Top S&P 500 Performer After Earnings
Shares of McCormick were rising after the seasonings and flavorings maker easily beat quarterly estimates for earnings and sales. The stock rose 5.8% to $71.58 on Thursday and was on track for its largest gain since March 26, when it rose 11%, according to Dow Jones Market Data. For its second quarter ended May 31, McCormick reported adjusted earnings of 69 cents a share, beating Wall Street’s call for 59 cents, according to FactSet.