World: Molson Coors Brewing’s third-quarter profit beats analysts’ estimates
Molson Coors Brewing Company revealed a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $430.7 million, or $1.98 per share. This compares with $216.4 million, or $0.99 per share, in last year's third quarter.
Excluding items, Molson Coors Brewing Company reported adjusted earnings of $418.5 million or $1.92 per share for the period.
Analysts on average had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.2% to $3.30 billion from $2.94 billion last year.
Back
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
