United Breweries (CCU) stock soared 5.05% in the pre-market session on Wednesday, following the company's strong fourth-quarter earnings results.
The Chilean brewer reported adjusted earnings per share of $0.42 for the quarter ended December 31, 2024, surpassing analysts' average estimate of $0.25. Revenue rose 57.1% year-over-year to $1 billion, also exceeding expectations of $796.32 million.
The earnings beat and robust revenue growth appear to have fueled investor optimism, driving the stock's surge. United Breweries' shares had already risen 15.4% in the previous quarter, reflecting positive market sentiment ahead of the earnings release.
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