Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Molson Coors Brewing Q2 Profit Increases - Quick Facts

RELATED NEWS
Trade TAP now with 

Molson Coors Brewing Company (TAP: Quote, 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.

Click here to receive FREE breaking news email alerts for Molson Coors Brewing Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.