UPDATE: McCormick Posts Drop In Q4 Profit, Issues Downbeat FY14 Guidance
January 29, 2014 at 07:38 AM EST
McCormick & Co (NYSE: MKC ) reported a 13% drop in its fourth-quarter profit and issued a downbeat full-year forecast. McCormick projects full-year profit of $3.22 to $3.29 per share on revenue growth of 3% to 5%. Analysts estimated earnings of $3.44 per share on revenue growth of 6%.