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Craft Brew Alliance posts 4Q profit

PORTLAND, Ore. (AP) _ Craft Brew Alliance Inc. (BREW) on Thursday reported fourth-quarter earnings of $76,000.

On a per-share basis, the Portland, Oregon-based company said it had net income of less than 1 cent. Earnings, adjusted for severance costs, were 2 cents per share.

The brewer that makes craft beers like Kona, Widmer Brothers and Redhook posted revenue of $45.8 million in the period.

For the year, the company reported a loss of $320,000, or 2 cents per share, swinging to a loss in the period. Revenue was reported as $202.5 million.

Craft Brew Alliance shares have dropped 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.55, a climb of 73 percent in the last 12 months.


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


Keywords: Craft Brew Alliance, Earnings Report