Boston Beer Co Q3 Adj $5.35 Beats $4.98 Estimate, Sales $605.48M Beat $601.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Beer Co (NYSE:SAM) reported Q3 earnings of $5.35 per share, surpassing the $4.98 estimate and marking a 14.81% increase from last year. Sales reached $605.48M, beating the $601.06M estimate and showing a 0.64% increase from the previous year.
October 24, 2024 | 8:27 pm
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POSITIVE IMPACT
Boston Beer Co's Q3 earnings and sales exceeded analyst expectations, with earnings per share at $5.35 and sales at $605.48M. This performance indicates strong financial health and growth compared to the previous year.
The company's earnings per share exceeded expectations by 7.43%, and sales surpassed estimates by 0.73%. This positive financial performance suggests a likely short-term increase in stock price as it reflects better-than-expected company growth and profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100