logo
Share SHARE
FONT-SIZE Plus   Neg

Molson Coors Brewing Q2 Profit Increases - Quick Facts

Molson Coors Brewing Company (TAP, TPX.TO) reported that its second-quarter 2014 net income attributable to the company increased to $290.9 million from the prior year's $267.3 million, with earnings per share improving to $1.56 from $1.45 last year.

Underlying after-tax income per share grew to $1.57 from $1.47 in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.46 per share for the quarter. Analysts' estimates typically exclude special items.

Molson Coors Brewing reported a 7.9 percent increase in underlying after-tax income for the second quarter 2014, driven by improved performance from MillerCoors and Europe, along with lower interest expense versus a year ago. Worldwide beer volume decreased 0.9 percent, but net sales increased 0.9 percent in the second quarter of 2014.

Net sales for the quarter was $1.189 billion, up from $1.178 billion in the year ago quarter. Wall Street analysts had a consensus revenue estimate of $1.18 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Electronics retailer Best Buy Co. Inc. (BBY), has announced it will retail Apple Watch in its store from next month, making it the first retailer besides Apple Stores to offer the smartwatch that was launched three months ago. Initially, Best Buy will start selling the smartwatch in over 100 stores... Here is a quick summary of the earnings reported after the bell on Jul 27. 1.Del Taco Restaurants, Inc. (TACO, TACOW) Q2 Net income was $4.6 million compared to net loss of $0.1 million a year ago. Q2 Total revenue was $97.6 million, an increase of 7.0% compared to $91.2 million a year ago. *** 2.Plantronics,... Semiconductor packaging company Amkor Technology Inc. (AMKR), Monday reported a plunge in profit for the second quarter, as revenues declined and margins narrowed. The bottom line was also impacted by a debt extinguishment charge. Shares of the company fell about 14 percent in extended hours after...
comments powered by Disqus
RELATED NEWS
Trade TAP now with 
Follow RTT