Investing.com - Molson Coors Brewing B reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Molson Coors Brewing B announced earnings per share of $0.35 on revenue of $2.1B. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $2.23B. That with comparison to EPS of $0.52 on revenue of $2.3B in the same period a year before.Molson Coors Brewing B had reported EPS of $1.02 on revenue of $2.49B in the previous quarter.Analysts are expecting EPS of $1.06 and revenue of $2.67B in the upcoming quarter.
Molson Coors Brewing B shares are down 35% from the beginning of the year and are trading at $46.17 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.4% year to date.
Molson Coors Brewing B follows other major Consumer/Non-Cyclical sector earnings this month
Molson Coors Brewing B's report follows an earnings beat by Procter&Gamble on Friday, April 17, 2020, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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