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McCormick & Co.'s (MKC -2.75%) FQ3 earnings beat, but profits sank 10% Y/Y on higher raw...

McCormick & Co.'s (MKC -2.75%) FQ3 earnings beat, but profits sank 10% Y/Y on higher raw material costs and a one-time gain last year that skewed comparisons. The company reafirms FY11 guidance to the low end of estimates. For the year, it expects to to grow sales 6% to 8% and sees an EPS of $2.74 to $2.79 versus estimates of $2.78.
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