Anheuser-Busch InBev Q3 2024 Adj. EPS $0.98 Beats $0.89 Estimate, Sales $15.046B Miss $15.644B Estimate
Portfolio Pulse from Benzinga Newsdesk
Anheuser-Busch InBev reported Q3 2024 earnings per share of $0.98, surpassing the expected $0.89, marking a 13.95% increase from last year. However, sales fell short at $15.046 billion against the $15.644 billion estimate, a 3.39% decrease from the previous year.
October 31, 2024 | 6:04 am
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Anheuser-Busch InBev's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $0.98 beat the $0.89 estimate, while sales of $15.046 billion missed the $15.644 billion forecast.
The positive earnings surprise with a 10.11% beat on EPS is a strong indicator of profitability, which is generally favorable for stock prices. However, the sales miss by 3.82% and the year-over-year sales decline of 3.39% could raise concerns about revenue growth, potentially offsetting the positive EPS impact. This mixed result may lead to short-term stock price volatility.
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