BOSTON (AP) — BOSTON (AP) — Boston Beer Co. (SAM) on Thursday reported third-quarter profit of $46.2 million.
The Boston-based company said it had net income of $4.25 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.78 per share.
The brewer posted revenue of $571.5 million in the period. Its adjusted revenue was $537.5 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $541.9 million.
Boston Beer expects full-year earnings to be $7.80 to $9.80 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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