Brown-Forman Corp. Q4 Profit Rises, Beats estimates

(RTTNews) - Brown-Forman Corp. (BFB) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $151 million, or $0.31 per share. This compares with $120 million, or $0.25 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.7% to $996 million from $812 million last year.

Brown-Forman Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $151 Mln. vs. $120 Mln. last year. -EPS (Q4): $0.31 vs. $0.25 last year. -Analyst Estimate: $0.27 -Revenue (Q4): $996 Mln vs. $812 Mln last year.

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


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