Brown Forman Q1 EPS $0.48 Misses $0.53 Estimate, Sales $1.04B Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brown Forman Inc Class B Common Stock (NYSE:BF) reported Q1 earnings of $0.48 per share, missing the analyst consensus estimate of $0.53 by 9.43%. This is a 7.69% decrease from the same period last year. The company also reported quarterly sales of $1.04 billion, missing the analyst consensus estimate of $1.05 billion by 1.14%. This is a 3.08% increase from the same period last year.
August 30, 2023 | 12:04 pm
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Brown Forman's Q1 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Brown Forman's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100