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Boston Beer posts 4Q profit

BOSTON (AP) _ Boston Beer Co. (SAM) on Wednesday reported fourth-quarter net income of $22.2 million.

On a per-share basis, the Boston-based company said it had profit of $1.75.

The brewer posted revenue of $219.4 million in the period.

For the year, the company reported profit of $87.3 million, or $6.79 per share. Revenue was reported as $969 million.

Boston Beer shares have declined almost 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $166.85, a drop of 13 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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Keywords: Boston Beer, Earnings Report