Brown-Forman Stock Falls After Cutting Full-Year Earnings Outlook

Shares of Louisville, KY-based Brown-Forman Corp. (BF.B) fell sharply after cutting its earnings outlook on U.S. dollar concerns, making it TheStreet's Move of the Day. The parent company of Jack Daniels lowered its earnings outlook for the full fiscal year of 2015, reflecting foreign-exchange concerns and the impact of a stronger U.S. dollar. The whiskey maker cut its earnings guidance by 10 cents, missing analysts' expectations. In its fiscal second quarter, the company reported higher sales and a slight uptick in profit from a year ago, but the numbers still fell below analysts' estimates. Shares of Brown-Forman closed down 3.91% to $92.25 on more than double its normal trading volume.