(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.
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