Investing.com - Brown Forman (NYSE:BFb) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Brown Forman announced earnings per share of $0.48 on revenue of $899M. Analysts polled by Investing.com anticipated EPS of $0.4236 on revenue of $905.74M.
Brown Forman shares are down 9% from the beginning of the year and are trading at $72.08 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.04% from the start of the year.
Brown Forman follows other major Consumer/Non-Cyclical sector earnings this month
Brown Forman's report follows an earnings beat by Coca-Cola on Wednesday, February 10, 2021, who reported EPS of $0.47 on revenue of $8.6B, compared to forecasts EPS of $0.4184 on revenue of $8.6B.
PepsiCo had beat expectations on Thursday, February 11, 2021 with fourth quarter EPS of $1.47 on revenue of $22.46B, compared to forecast for EPS of $1.46 on revenue of $21.8B.
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