PORTLAND, Ore. (AP) _ Craft Brew Alliance Inc. (BREW) on Tuesday reported a third-quarter loss of $1.2 million, after reporting a profit in the same period a year earlier.
The Portland, Oregon-based company said it had a loss of 6 cents per share. Losses, adjusted for pretax gains, came to 14 cents per share.
The brewer that makes craft beers like Kona, Widmer Brothers and Redhook posted revenue of $50.3 million in the period. Its adjusted revenue was $47.2 million.
Craft Brew Alliance shares have risen 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.23, a decrease of roughly 3% in the last 12 months.