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GOLDEN, Colo. Molson Coors Brewing Co. (TAP) on Thursday reported first-quarter net income of $84.1 million, after reporting a loss in the same period a year earlier.
The Golden, Colorado-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring gains, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The beer maker posted revenue of $2.26 billion in the period. Its adjusted revenue was $1.9 billion.
Molson Coors shares have climbed 15% since the beginning of the year, while the S&P’s 500 index has increased 11%. The stock has increased 14% in the last 12 months.
Molson Coors: Q1 Earnings Snapshot
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Molson Coors: Q1 Earnings Snapshot
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The current Draft Beer market possibilities of the sector additionally have been analyzed. Furthermore, prime strategical activities in the market, which incorporate product advancements, and acquisitions, partnerships are discussed. Draft Beer Organization Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, and so on)
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Geographic Coverage-
The report contains detailed country-level analysis, market revenue, market value and forecast analysis of ingestion, revenue and Draft Beer market share,growth speed, historical and forecast (2016-2025) of these regions are covered:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)