11:42 am Brown-Forman Down Modestly Following Earnings/Guidance Results
Brown-Forman (BF.B $91.92 -0.25) is trading modestly lower today following its quarterly results as well as conference call, which just ended a short while ago.
The company reported earnings earlier this morning of $0.70/share, which fell slightly short of expectations. On the top line, revenue rose 2.8% to $921 million from the prior year's quarter, which also fell a little short of expectations.
It appears that top line growth would have been more impressive, but growth was impacted by the difficult …More