HUNT VALLEY, Md. (AP) _ McCormick & Co. (MKC) on Tuesday reported fiscal first-quarter profit of $161.8 million.

On a per-share basis, the Hunt Valley, Maryland-based company said it had profit of 60 cents. Earnings, adjusted for non-recurring costs, were 72 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The spices and seasonings company posted revenue of $1.48 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.38 billion.

McCormick expects full-year earnings in the range of $2.97 to $3.02 per share.

McCormick shares have dropped roughly 6% since the beginning of the year, while the S&P's 500 index has climbed almost 6%. The stock has increased 36% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKC at https://www.zacks.com/ap/MKC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News