reported fourth-quarter earnings today that met Wall Street's slightly lowered estimates and said it is aiming for 12% earnings per share growth in 2001.
For the fourth quarter ended Dec. 31, Anheuser-Busch earned $209 million, or 23 cents a diluted share, up from $191 million, or 20 cents a share, in the year-ago period. Sixteen analysts surveyed by
First Call/Thomson Financial
expected the company to report earnings of 23 cents a share.
The beer maker and distributor also posted fourth-quarter net sales of $2.79 billion, up from $2.72 billion in the same quarter one year ago. The company cited strong revenue per barrel growth and solid volume increases in domestic beer operations as factors in its gains.
Anheuser-Busch said it remains confident in its ability "to consistently achieve our double-digit earnings per share growth objective."
Shares of Anheuser-Busch gained $1.38, or 3.4%, to $41.91 in recent
New York Stock Exchange