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Boston Beer Co. (SAM) Rose To A 4-Month High On Q3 Results

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Boston Beer Co. (SAM: Quote) reported third quarter net income of $1.53 per share after the bell Thursday, compared to $1.19 per share in the previous year. The consensus estimate was for EPS of $1.35. Full year 2012 EPS is expected to be between $3.80 and $4.20, compared to the consensus estimate of $4.16.

Boston Beer Co. gapped open higher Friday and climbed during the first half of the morning. Shares advanced further going into the close and finished up by 8.58 at $116.58 on strong volume. The stock rose above a range and set a 4-month high.

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by RTT Staff Writer

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