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McCormick Loses Its Spice, Posts 5% Drop

Stock quotes in this article: MKC , UL  

For a company that specializes in spices, McCormick's(MKC Quote) quarterly earnings report was surprisingly bland.

The food and seasoning maker posted a 5% decline in second-quarter earnings, hurt by lower sales in its industrial segments, predominantly overseas.

During the quarter the company earned $50.7 million, or 38 cents a share, compared with $53.3 million, or 41 cents, in the year-ago period. ...

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