McCormick & Co. Inc. MKC stock is down 3.8% in premarket trades after the company missed its fourth-quarter earnings and revenue targets and said it would miss analyst expectations for 2023 profit. The company said its fourth-quarter profit fell to $185.7 million, or 69 cents a share, from $197.4 million, or 73 cents a share, in the year-ago quarter.
8% in premarket trades after the company missed its fourth-quarter earnings and revenue targets and said it would miss analyst expectations for 2023 profit. The company said its fourth-quarter profit fell to $185.7 million, or 69 cents a share, from $197.4 million, or 73 cents a share, in the year-ago quarter. The spice maker’s adjusted earnings in the latest quarter totaled 73 cents a share, below the analyst estimate of 86 cents a share in a survey by FactSet.