-+ 0.00%
-+ 0.00%
-+ 0.00%
Molson Coors: Q3 Earnings Snapshot
Share
Listen to the news

GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Thursday reported third-quarter net income of $271.5 million.

The Golden, Colorado-based company said it had net income of $1.45 per share. Earnings, adjusted for one-time gains and costs, were $1.46 per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The beer maker posted revenue of $3.4 billion in the period. Its adjusted revenue was $2.93 billion, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.94 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending