NEW YORK (TheStreet) -- Anheuser-Busch InBev (BUD) - Get Report stock is sliding in Thursday's early morning trading session after the company reported lower-than-expected top and bottom lines for its fiscal 2015 second quarter.
For the recent quarter, the brewing company reported earnings of $1.21 per share on revenue of $11.05 billion.
Analysts had forecast the company to report earnings of $1.35 per share on revenue of $11.57 billion.
In the second quarter of 2014, the company reported earnings of $1.60 per share on revenue of $12.2 billion.
During last year's World Cup, the company's posted strong profits in the second quarter, which was tough to compete with, The Wall Street Journal reports.
Overall, beer sales in the U.S., Brazil, and China were worse than expected in the latest quarter, and the popularity of its brands Bud and Bud Light has been declining, the company noted.
However, its Budweiser, Corona and Stella Artois posted volume gains of 6%, 7.8% and 4.9%, respectively.
Looking ahead, the company's revenue is supposed to increase in the second half of the year.
In Thursday's early morning trading session, shares are sliding by 4.85% to $119.02.