Boston Beer: Q3 Earnings Snapshot
BOSTON (AP) — BOSTON (AP) — Boston Beer Co. (SAM) on Thursday reported third-quarter earnings of $45.3 million.
On a per-share basis, the Boston-based company said it had profit of $3.70. Earnings, adjusted for asset impairment costs, came to $4.66 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.25 per share.
The brewer posted revenue of $639.4 million in the period. Its adjusted revenue was $601.6 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $592.9 million.
Boston Beer expects full-year earnings in the range of $7 to $9 per share.
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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
