Boston Beer: Q4 Earnings Snapshot

Associated Press Finance

02-26

BOSTON (AP) — BOSTON (AP) — Boston Beer Co. (SAM) on Tuesday reported a loss of $38.8 million in its fourth quarter.

The Boston-based company said it had a loss of $3.38 per share. Losses, adjusted for non-recurring costs, came to $1.68 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.18 per share.

The brewer posted revenue of $429.2 million in the period. Its adjusted revenue was $402.3 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $389.6 million.

Boston Beer expects full-year earnings to be $8 to $10.50 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAM at https://www.zacks.com/ap/SAM

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(SAM) on Tuesday reported a loss of $38.8 million in its fourth quarter.</p>\n<p>The Boston-based company said it had a loss of $3.38 per share. Losses, adjusted for non-recurring costs, came to $1.68 per share.</p>\n<p>The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.18 per share.</p>\n<p>The brewer posted revenue of $429.2 million in the period. Its adjusted revenue was $402.3 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $389.6 million.</p>\n<p>Boston Beer expects full-year earnings to be $8 to $10.50 per share.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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Losses, adjusted for non-recurring costs, came to $1.68 per share.\nThe results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.18 per share.\nThe brewer posted revenue of $429.2 million in the period. Its adjusted revenue was $402.3 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $389.6 million.\nBoston Beer expects full-year earnings to be $8 to $10.50 per share.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAM at https://www.zacks.com/ap/SAM","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}