GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Thursday reported second-quarter net income of $231.7 million.
On a per-share basis, the Golden, Colorado-based company said it had net income of $1.23. Earnings, adjusted for one-time gains and costs, came to $1.58 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The beer maker posted revenue of $3.6 billion in the period. Its adjusted revenue was $3.1 billion, which also beat Street forecasts. Five analysts surveyed by Zacks expected $3.09 billion.
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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 TAP at https://www.zacks.com/ap/TAP
