Boston Beer Co. (SAM) reported first quarter net income of $0.51 per share after the bell Wednesday, down from $0.56 per share a year ago. The consensus estimate was for EPS of $0.60. The company expects to report full year 2013 EPS of $4.70 to $5.10, compared to the consensus estimate of $4.95.
Boston Beer Co. gapped open sharply lower Thursday and is now down 12.64 at $153.39. The stock has dropped to a 3-week low and has fallen below its 50-day moving average.
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