Beam Inc. (BEAM) reported first-quarter net income of $114.5 million or $0.71 per share, compared to $79.1 million or $0.49 per share last year. Excluding charges and gains, profit per share from continuing operations was $0.64, up 21% from $0.53 in the year-ago quarter. Net sales increased to $577.7 million from $533.8 million last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.54 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $565.93 million for the quarter.
The company reaffirmed its target to deliver high-single-digit growth in profit per share before charges/gains for 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.