BOSTON (AP) — BOSTON (AP) — Boston Beer Co. (SAM) on Thursday reported a loss of $9 million in its first quarter.
The Boston-based company said it had a loss of 73 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The brewer posted revenue of $435.2 million in the period. Its adjusted revenue was $410 million, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $418 million.
Boston Beer expects full-year earnings to be $6 to $10 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAM at https://www.zacks.com/ap/SAM
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