McCormick Guides FY23 Adj. EPS Below Estimates - Update

McCormick Lifts FY24 Earnings View After Strong Q3 Results; Stock Up

Shares of McCormick & Co. Inc. were gaining around 5 percent in the pre-market activity on the NYSE after the seasonings and spices maker increased its fiscal 2024 outlook for earnings after reporting higher third-quarter earnings, above market. The company further reaffirmed its sales and operating profit growth outlook for the year on a constant currency basis.

RTTNews | 709 days ago

McCormick Slashes FY22 Earnings Outlook - Update

While reporting financial results for the second quarter on Wednesday, flavor maker McCormick & Co., Inc. (MKC) trimmed its earnings and adjusted earnings guidance for the full year 2022, while maintaining annual sales growth outlook.

RTTNews | 1534 days ago

TSX Drops To 5-week Low, Set To End Weak For 6th Straight Day

anadian stock market's benchmark S&P/TSX Composite Index fell to five-week low on Thursday, weighed down by concerns about inflation as oil prices continued to surge and bond yields climbed higher.

RTTNews | 1h 18min ago

Swiss Market Ends On Weak Note After Choppy Ride

Swiss stocks swung between gains and losses on Thursday as investors stayed largely cautious. Higher oil prices and concerns about geopolitical tensions weighed.

RTTNews | 1h 39min ago

Oil Surge, ECB Rate Hike Weigh On European Market Sentiment

European equities declined Thursday as the European Central Bank raised interest rates by 25 basis points to 2.5% and increased inflation forecasts. Brent crude surged over 5.5% to $107 per barrel, amplifying inflation concerns across the continent.

RTTNews | 2h 6min ago

U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates

The Commerce Department released a report on Thursday showing a sharp increase in wholesale inventories in the U.S. in the month of July.

RTTNews | 3h 28min ago

ECB Raises Deposit Rate To 2.50% Amid Inflation Fears

The European Central Bank raised interest rates on Thursday, as expected, prompted by the fears of an inflation shock as energy prices surge amid the recent escalation of the Iran war.

RTTNews | 4h 48min ago

U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025

A report released by the National Association of Realtors on Thursday showed an extended slump by existing home sales in the U.S. in the month of August. NAR said existing home sales dove by 2.0 percent to an annual rate of 3.98 million in August after tumbling by 1.7 percent to an annual rate of 4.06 million in July.

RTTNews | 4h 52min ago

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