Brown-Forman Corporation (BF-B), a manufacturer of alcoholic beverages, Wednesday reported lower earnings for the third quarter compared to the same period last year. However, revenue increased by 2 percent.
Further, the company confirmed its outlook for fiscal 2026.
In the pre-market BF-B shares were trading up by 6.6%.
Quarterly earnings decreased to $267 million from $270 million of last year, although earnings per share increased to $0.58 from $0.57 of the prior year.
The company had reported a gain of $81 million on Equity method investment income same period last year which was absent this year.
However, revenue increased to $1.05 billion from $1.03 billion of previous year.
Looking forward to the full year, the company continues to expect organic net sales decline in the low-single digit range.
Additionally, the beverage firm declared a quarterly dividend of $0.2310 per share payable on April 1, to stockholders of record on March 9.
In pre-market activity, BF-B shares were trading at $30, up 6.69% on the New York Stock Exchange.
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