Molson Coors Brewing Co. (TAP) reported third quarter net income attributable to Molson Coors increased 37.4% to US$235.3 million from US$171.3 million a year ago.
Underlying after-tax income for the quarter grew 22.7% to US$212.9 million or US$1.14 per diluted share, from US$173.5 million or US$0.93 per diluted share in the prior-year quarter.
Net sales declined to US$853.7 million from US$921.1 million in the previous year.
On average, analysts polled by Thomson Reuters expected the company to earn US$0.98 per share in the quarter on sales of US$836.99 million. Analysts' estimates typically exclude one-time items.
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