02.11.2023 13:19:50 - dpa-AFX: Molson Coors Brewing Company Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Molson Coors Brewing Company (TAP-A) 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.

Molson Coors Brewing Company earnings at a glance (GAAP) :

-Earnings (Q3): $430.7 Mln. vs. $216.4 Mln. last year.
-EPS (Q3): $1.98 vs. $0.99 last year.
-Analyst Estimate: $1.54
-Revenue (Q3): $3.30 Bln vs. $2.94 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Molson Coors Beverage Company A0DPTB NYSE 53,450 03.06.24 22:00:07 -1,360 -2,48% 52,620 54,280 54,590 54,810

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