Molson Coors Reports Strong Fourth-Quarter Earnings, Surpassing Wall Street Expectations
GOLDEN, Colorado (AP) - Molson Coors Brewing Co. (TAP) announced its fourth-quarter earnings on Thursday, delivering impressive results that outperformed market expectations.
The Golden, Colorado-based company reported earnings of $287.8 million for the quarter, equivalent to $1.39 per share. After adjusting for one-time items, earnings per share reached $1.30.
These figures surpassed the consensus analyst estimates of $1.13 per share, as surveyed by Zacks Investment Research. Additionally, Molson Coors reported revenue of $3.24 billion in the period, with adjusted revenue reaching $2.74 billion, exceeding the Zacks consensus estimate of $2.71 billion.
For the full year, the company posted a profit of $1.12 billion, or $5.35 per share, on revenue of $11.63 billion.