Investing.com - Molson Coors Brewing B reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Molson Coors Brewing B announced earnings per share of $1.55 on revenue of $2.5B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $2.45B.
Molson Coors Brewing B shares are down 31% from the beginning of the year and are trading at $36.73 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.86% from the start of the year.
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 Thursday, who reported EPS of $1.16 on revenue of $17.70B, compared to forecasts EPS of $1.01 on revenue of $16.96B.
Coca-Cola had beat expectations on Tuesday, July 21, 2020 with second quarter EPS of $0.42 on revenue of $7.2B, compared to forecast for EPS of $0.4 on revenue of $7.21B.
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