Anheuser-Busch Sees the Lite, Profit Up
Reuters
Wednesday, February 4, 2004; 2:48 PM
NEW YORK (Reuters) - Anheuser-Busch Cos. Inc. , the
world's largest brewer, said on Wednesday that quarterly
earnings rose 9 percent as it increased prices and sold more
products like its Michelob Ultra low-carbohydrate beer.
The company reported fourth-quarter profit of $294 million,
or 36 cents a share. This compared with earnings of $269.2
million, or 32 cents a share, last year.
Analysts expected the company to earn between 35 cents and
37 cents a share, with a mean estimate of 36 cents, according
to Reuters Research, a unit of Reuters Group Plc.
The company said gross sales rose to $3.72 billion from
$3.59 billion. Net sales, including the effect of excise taxes,
rose to $3.22 billion from $3.10 billion.
Shares of Anheuser-Busch rose 74 cents, or 1.4 percent, to
$52.39 in afternoon trading on the New York Stock Exchange.
Full Legal Notice
© 2004 Reuters
|
|
_____Earnings Watch_____
•
Tommy Hilfiger Beats Estimates, Shares Up (Reuters, Feb 4, 2004)
•
Janus Profit Up, Asset Growth Lags (Reuters, Feb 4, 2004)
•
Northrop Raises '04 Earnings Forecast (Reuters, Feb 4, 2004)
•
Northrop Grumman Reports Flat Earnings (Associated Press, Feb 4, 2004)
•
Harrah's Profit Drops on Taxes, UK Costs (Reuters, Feb 4, 2004)
•
More Earnings News
|
| |
|
