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Craft Brew Alliance reports 1Q loss

PORTLAND, Ore. (AP) _ Craft Brew Alliance Inc. (BREW) on Wednesday reported a loss of $1.8 million in its first quarter.

On a per-share basis, the Portland, Oregon-based company said it had a loss of 9 cents.

The brewer that makes craft beers like Kona, Widmer Brothers and Redhook posted revenue of $44.3 million in the period.

Craft Brew Alliance shares have declined 21 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.40, a rise of 62 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 BREW at https://www.zacks.com/ap/BREW

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