30.04.2024 13:19:54 - dpa-AFX: Molson Coors Brewing Company Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Molson Coors Brewing Company (TAP-A) reported
earnings for its first quarter that increased from last year and beat the
Street estimates.
The company's earnings totaled $207.8 million, or $0.97 per share. This
compares with $72.5 million, or $0.33 per share, in last year's first quarter.
Excluding items, Molson Coors Brewing Company reported adjusted earnings of
$202.8 million or $0.95 per share for the period.
Analysts on average had expected the company to earn $0.74 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 10.6% to $2.60 billion from $2.35
billion last year.
Molson Coors Brewing Company earnings at a glance (GAAP) :
-Earnings (Q1): $207.8 Mln. vs. $72.5 Mln. last year.
-EPS (Q1): $0.97 vs. $0.33 last year.
-Revenue (Q1): $2.60 Bln vs. $2.35 Bln last year.
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