GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Wednesday reported fourth-quarter earnings of $238.3 million.
On a per-share basis, the Golden, Colorado-based company said it had profit of $1.22. Earnings, adjusted for one-time gains and costs, were $1.21 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The beer maker posted revenue of $3.13 billion in the period. Its adjusted revenue was $2.66 billion, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.72 billion.
For the year, the company reported a loss of $2.14 billion, or $10.75 per share. Revenue was reported as $11.14 billion.
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