Brown-Forman Fiscal Q2 EPS Meets Street View, Misses on Revenue; Guides FY19 EPS In-Line with Street

Shutterstock photo

Brown-Forman Corporation (BF.A, BF.B) reported early Wednesday financial results for fiscal Q2, with the alcohol manufacturer posting in-line earnings and revenue that fell short of analysts' estimates. The company also provided guidance for fiscal 2019, with an EPS outlook in-line with expectations.

The company, whose products include Jack Daniel's whiskey, posted earnings of $0.52 per share, compared with the prior-year period's $0.50 per share. Analysts polled by Capital IQ were expecting EPS of $0.52.

Revenue in the year ended Oct. 31 fell to $910 million from $914 million in the same quarter last year. The Street view was for revenue of $939.4 million.

The company continues to expect fiscal 2019 underlying net sales growth of 6% to 7%. It sees EPS of $1.65 to $1.75, versus the Street view of $1.70 EPS.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , ETFs
Referenced Symbols: BF.A , BF.B

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?