Molson Coors Beverage Q2 2024 Adj. EPS $1.92 Beats $1.68 Estimate, Sales $3.252B Beat $3.181B Estimate
Portfolio Pulse from Benzinga Newsdesk
Molson Coors Beverage (NYSE:TAP) reported Q2 2024 adjusted EPS of $1.92, beating the estimate of $1.68. Sales were $3.252 billion, surpassing the $3.181 billion estimate but showing a slight decrease from last year's $3.267 billion.
August 06, 2024 | 10:31 am
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Molson Coors Beverage (NYSE:TAP) reported Q2 2024 adjusted EPS of $1.92, beating the estimate of $1.68 by 14.29%. Sales were $3.252 billion, surpassing the $3.181 billion estimate but showing a slight decrease from last year's $3.267 billion.
The company's earnings and sales both exceeded analyst expectations, which is generally positive for the stock price. However, the slight year-over-year decrease in sales may temper some of the enthusiasm.
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