Molson Coors' stock up nearly 3% after earnings beat
TAPMolson Coors(TAP) Market Watch·2024-02-13 20:09

Molson Coors Beverage Co. ‘s stock TAP, +3.12% rose 2.9% premarket after the company posted stronger- than-expected earnings for the fourth quarter. The company had net income of 103.3million,or48centsashare,forthequarter,afteralossof103.3 million, or 48 cents a share, for the quarter, after a loss of 590.5 million, or 2.73ashare,intheyearearlierperiod.Theyearearliernumberincludednoncashimpairmentcharges.Adjustedpershareearningscameto2.73 a share, in the year-earlier period. The year-earlier number included noncash impairment charges. Adjusted per-share earnings came to 1.19, ahead of the 1.12FactSetconsensus.Salesroseto1.12 FactSet consensus. Sales rose to 2.791 billion from $2.629 billion a year ago ...