Molson Coors Brewing reports third-quarter loss of $34.4 million

Molson Coors Brewing Co. (TAP) on Thursday reported a third-quarter loss of $34.4 million.

The Denver-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, were $1.46 per share.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The beer maker posted revenue of $1.17 billion in the period.

Molson Coors shares have risen 32 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 9.5 percent. The stock has climbed 37 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. TAP stock research report from Zacks.


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