Molson Coors Beverage Q2 Adj EPS $1.78 Beats $1.59 Estimate, Sales $3.27B Miss $3.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Molson Coors Beverage (NYSE:TAP) reported Q2 adjusted earnings of $1.78 per share, beating the analyst consensus estimate of $1.59 by 11.95%. This is a 49.58% increase from the same period last year. However, the company's quarterly sales of $3.27 billion missed the analyst consensus estimate of $3.29 billion by 0.76%, though it's an 11.77% increase from last year.
August 01, 2023 | 11:14 am
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Molson Coors Beverage's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Molson Coors Beverage's Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which could negatively impact the stock. The net effect could be neutral in the short term.
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