Brown Forman Shares Add 4% as Fiscal Q2 Results Exceed Expectations, Raises FY Guidance

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Brown Forman ( BF.A ) shares were 4% higher Wednesday after the spirits and wine company reported fiscal Q2 earnings of $0.62 per diluted share, up from $0.50 a year ago and better than the $0.53 average estimate from analysts polled by Capital IQ.

Sales, net of excise taxes, in the quarter ended Oct. 31 rose to $914 million from $830 million and beat the $870.6 million consensus.

Looking ahead, Brown Forman said it now expects fiscal FY underlying net sales growth of 6% to 7%, up from previously 4% to 5%, and diluted EPS of $1.90 to $1.98, up from previously $1.85 to $1.95 and mostly above the $1.91 consensus.

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

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