McCormick & Company (NYSE: MKC) Chart Is a Screaming 'Buy'

"Sugar and spice and all things nice" comes to mind when I think of Tuesday's rally in McCormick & Company (NYSE: MKC) following its better-than-expected fiscal first-quarter earnings report.
McCormick, which manufactures and distributes spices, herbs, extracts, seasonings and more, posted earnings of $0.62 per share, up 9% from the year-ago period. First-quarter revenue rose 6% year over year to $993.4 million. Analysts were expecting EPS of $0.58 on revenue of $974.5 million.
Management reaffirmed its fiscal 2014 earnings forecast of $3.22 to $3.29 per share, in line with analysts' estimates of $3.27 per share.  (more)

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