Coors Beats Fourth-Quarter Expectations
Adolph Coors
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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
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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.
