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Boston Beer: 1Q Earnings Snapshot

Boston Beer: 1Q Earnings Snapshot

BOSTON (AP) _ Boston Beer Co. (SAM) on Wednesday reported first-quarter profit of $23.7 million.

On a per-share basis, the Boston-based company said it had profit of $2.02. Earnings, adjusted for pretax gains, came to $1.87 per share.

The brewer posted revenue of $251.7 million in the period.

Boston Beer expects full-year earnings to be $8 to $9 per share.

Boston Beer shares have climbed 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $276.75, a climb of 27 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAM at https://www.zacks.com/ap/SAM

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