Molson Coors Brewing Company Reports 4% Fall In Q3 Profit
Molson Coors Brewing Company (TAP-A) reported earnings for third quarter that declined from last year. The company said its earnings declined to $259.9 million, or $1.40 per share. This was down from $271.5 million, or $1.46 per share, in last year's third quarter.
Analysts had expected the company to earn $1.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company said revenue for the quarter fell 12.8% to $1.02 billion. This was down from $1.17 billion last year.
Molson Coors Brewing Company earnings at a glance:
- Earnings (Q3): $259.9 Mln. vs. $271.5 Mln. last year.
- Earnings Decline (Y-o-Y): -4.3%
- EPS (Q3): $1.40 vs. $1.46 last year.
- EPS Decline (Y-o-Y): -4.1%
- Analysts Estimate: $1.28
- Revenue (Q3): $1.02 Bln vs. $1.17 Bln last year.
- Revenue Change (Y-o-Y): -12.8%
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