– Molson Coors Brewing Company (NYSE: TAP) reported underlying earnings of $1.48 per share for the third quarter of 2019, vs. $1.48 per share expected.
– Total revenues decreased 3.2% annually to $2.84 billion in the September-quarter, vs. $2.87 billion expected
– On a reported basis, Molson reported a net loss of $402.8 million or $1.86 per share, compared to profit of $338.3 million or $1.56 per share last year
– Expects underlying free cash flow of $1.4 billion, plus or minus 10%, for fiscal 2019; sees capital spending of approximately $700 million, plus or minus 10%
– Expects net sales revenue to be flat to low-single digit decrease, on a constant currency basis, in fiscal 2020; expects underlying free cash flow of $1.1 billion, plus or minus 10%, for 2020
– Announced revitalization plan to achieve consistent top-line growth by improving efficiency and unlocking resources to reinvest in the business
— Molson Coors shares dropped early Wednesday, following the earnings report, after closing the previous session higher
Most Popular
Earnings: JetBlue (JBLU) Q3 loss narrows on strong revenue growth; beats view
JetBlue Airways Corp. (NASDAQ: JBLU) reported a sharp increase in third-quarter revenues, reflecting the resumption of flight operations even as the market-reopening gathers momentum. As a result, net loss narrowed
GE (GE) Q3 2021 Earnings: Key financials and quarterly highlights
GE (NYSE: GE) reported third quarter 2021 earnings results today. Total revenues dipped 1% year-over-year to $18.4 billion, missing analysts’ projections of $19.2 billion. GAAP EPS was $1.08 compared to
UPS reports Q3 earnings above street target: Infographic
UPS (NYSE: UPS) reported Third-quarter 2021 financial results before the regular market hours on Tuesday. The package delivery company reported Q3 revenue of $23.2 billion, up 9.2% year-over-year and higher
