BOSTON (AP) — BOSTON (AP) — Boston Beer Co. (SAM) on Tuesday reported a loss of $38.8 million in its fourth quarter.
On a per-share basis, the Boston-based company said it had a loss of $3.38. Losses, adjusted for non-recurring costs, came to $1.68 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.18 per share.
The brewer posted revenue of $429.2 million in the period. Its adjusted revenue was $402.3 million, beating Street forecasts. Five analysts surveyed by Zacks expected $389.6 million.
For the year, the company reported profit of $59.7 million, or $5.06 per share. Revenue was reported as $2.01 billion.
Boston Beer expects full-year earnings to be $8 to $10.50 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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