Boston Beer Co. (SAM) reported first quarter net income of $0.51 per share after the bell Wednesday, down from $0.56 per share a year ago. The consensus estimate was for EPS of $0.60. The company expects to report full year 2013 EPS of $4.70 to $5.10, compared to the consensus estimate of $4.95.
Boston Beer Co. gapped open sharply lower Thursday and declined throughout the first half of the session. Shares finished down by 19.31 at $146.72 on the highest volume in 4 1/2 months. The stock dropped to over a 2-month low and fell below its 50-day moving average.
For comments and feedback contact: editorial@rttnews.com
Business News
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.