Molson Coors: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 07:12 AM ET
Last Updated - Feb 13, 2024, 07:12 AM EST
GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Tuesday reported fourth-quarter net income of $103.3 million.
The Golden, Colorado-based company said it had net income of 48 cents per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The beer maker posted revenue of $3.33 billion in the period. Its adjusted revenue was $2.79 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.77 billion.
