Molson Coors Brewing posts 4Q profit of $94.1 million, result misses forecasts

IndustriesAssociated Press

Molson Coors Brewing Co. (TAP) on Tuesday reported fourth-quarter earnings of $94.1 million.

On a per-share basis, the Denver-based company said it had net income of 50 cents. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.

Continue Reading Below

The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The beer maker posted revenue of $973.8 million in the period.

For the year, the company reported profit of $514 million, or $2.76 per share. Revenue was reported as $4.15 billion.

Molson Coors shares have climbed slightly more than 2 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped almost 1 percent. The stock has climbed 46 percent in the last 12 months.

_____

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 http://www.zacks.com/ap/TAP

_____

Keywords: Molson Coors Brewing, Earnings Report