How Will AB InBev (BUD) Stock React to Tomorrow's Earnings Report?
NEW YORK (TheStreet) -- Anheuser Busch InBev (BUD) - Get Free Report is scheduled to announce its financial results for the third quarter of 2015 on Friday before the market open.
The international brewer is expected to report a year-over-year decline in earnings and revenue for the latest quarter.
Analysts have estimated earnings of $1.26 per share on $11.65 billion in revenue.
Last year, AB InBev reported earnings of $1.42 per share on $12.24 billion in revenue for the 2014 third quarter.
Earlier this month, Belgium-based AB InBev offered to acquire SABMiller (SBMRY) for about $103.95 billion, but the brewer will not decide on a formal bid until November 4, the Wall Street Journal reported.
The deadline was extended by a week for AB InBev to secure financing and to find a buyer for SABMiller's 58% stake in MillerCoors, sources told the Journal.
AB InBev stock is down 0.83% to $117.75 in afternoon trading on Thursday.
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