GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Thursday reported third-quarter earnings of $199.8 million.
On a per-share basis, the Golden, Colorado-based company said it had profit of 96 cents. Earnings, adjusted for one-time gains and costs, were $1.80 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The beer maker posted revenue of $3.6 billion in the period. Its adjusted revenue was $3.04 billion, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $3.14 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAP at https://www.zacks.com/ap/TAP
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
