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Brown-Forman Corp. Profit Declines In Q2, misses estimates

Brown-Forman Corp. (BFB) announced earnings for second quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $236 million, or $0.49 per share. This compares with $240 million, or $0.50 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.9% to $994 million from $985 million last year.

Brown-Forman Corp. earnings at a glance:

-Earnings (Q2): $236 Mln. vs. $240 Mln. last year.
-EPS (Q2): $0.49 vs. $0.50 last year.
-Analyst Estimates: $0.53
-Revenue (Q2): $994 Mln vs. $985 Mln last year.

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