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Brown-Forman Corp. Reveals Drop In Q4 Bottom Line

Brown-Forman Corp. (BFB) released earnings for fourth quarter that dropped from last year.

The company's bottom line came in at $128 million, or $0.27 per share. This compares with $159 million, or $0.33 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.7% to $709 million from $744 million last year.

Brown-Forman Corp. earnings at a glance:

-Earnings (Q4): $128 Mln. vs. $159 Mln. last year.
-EPS (Q4): $0.27 vs. $0.33 last year.
-Analysts Estimate: $0.28
-Revenue (Q4): $709 Mln vs. $744 Mln last year.

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