NEW YORK (TheStreet) -- Anheuser Busch InBev (BUD) - Get Report stock is gaining 0.37% to $119.78 in after-hours trading on Friday after the company raised its 2015 revenue per volume guidance today before the market open.
The company now expects its revenue per volume for the year to grow ahead of inflation, because of better performance from premium brands.
The company previously expected revenue per volume to increase organically in line with inflation.
AB InBev also released its 2015 third quarter financial results, which were lower than expected, this morning before the market open.
The brewer reported earnings of $1.02 per share for the latest quarter, missing estimates of $1.26 per share.
Revenue fell 7% year-over year to $11.38 billion, falling short of expectations of $11.65 billion in revenue.
Volume sales of the company's three global brands, Stella Artois, Budweiser and Corona, increased 11.5%.
Revenue per volume in the U.S. rose 1.5% due to strong results from Stella Artois, Budweiser, Michelob Utra and Goose Island.