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Jack Daniel's parent Brown-Forman stock set to fall after profit, sales miss expectations but full-year growth outlook raised

·1 min read
Jack Daniel's parent Brown-Forman stock set to fall after profit, sales miss expectations but full-year growth outlook raised
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  • BF-B
  • ^GSPC

Shares of Brown-Forman Corp. were indicated down about 1% in premarket trading Wednesday, after the spirits company, which brands include Jack Daniel's, Finlandia, El Jimador and Woodford Reserve, reported fiscal second-quarter profit and sales that missed expectations, but boosted its full-year growth outlook. Net income for the quarter to Oct. 31 slipped to $236 million, or 49 cents a share, from $240 million, or 50 cents a share, in the year-ago period. The FactSet consensus for earnings per