Coors Beats Fourth-Quarter Expectations

Adolph Coors

(RKY)

reported fourth-quarter earnings today that beat Wall Street's slightly raised estimates by a penny.

For the fourth quarter ended Dec. 31, Coors earned $15.2 million, or 40 cents a share, excluding a charge, up from $12.2 million, or 33 cents a share, in the year-ago period. Twelve analysts surveyed by

First Call/Thomson Financial

expected the company, which is based in Golden, Colo., to earn 39 cents a share.

The beer brewing company also posted fourth-quarter revenue of $582.1 million, up 7.5% from $541.5 million in the same quarter one year ago.

Shares of Coors lost $1.14, or 1.6%, to $68.94 in recent

New York Stock Exchange

trading.