McCormick & Company (NYSE:MKC) shares dropped in MKC) fell in premarket trading Tuesday after posting third-quarter earnings that beat analyst estimates, even as rising commodity costs and tariffs pressured margins and the company trimmed its full-year EPS guidance." rel="noreferrer noopener">premarket trading Tuesday despite the company’s third-quarter earnings surpassing analyst estimates. The decline was driven by investor concerns over rising costs and a trimmed outlook for earnings per share.
The global manufacturer, marketer, and distributor of spices, herbs, extracts, and seasonings reported third-quarter adjusted earnings per share of 85 cents, beating the analyst consensus estimate of 81 cents.
