Molson Coors Beverage Q4 Adjusted EPS $1.19 Beats $1.12 Estimate, Sales $2.79B Beat $2.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Molson Coors Beverage (NYSE:TAP) reported Q4 earnings of $1.19 per share, surpassing the $1.12 estimate, and sales of $2.79B, exceeding the $2.77B estimate. This represents a decrease in earnings but an increase in sales compared to the same period last year.
February 13, 2024 | 11:56 am
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Molson Coors Beverage reported higher-than-expected Q4 earnings and sales, with EPS at $1.19 and sales at $2.79B, indicating a positive financial performance.
The positive earnings and sales report from Molson Coors Beverage indicates a strong financial performance, likely leading to a positive short-term impact on the stock price. Beating both earnings and sales estimates is a bullish signal for investors, suggesting operational efficiency and market strength.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100