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News Watch
- 2/9/2010 8:34:38 AM
By Chip Brian, SmarTrend Analytics Team
2/9/2010- Molson (NYSE:TAP) reported fiscal Q4 EPS of $1.02, missing the consensus estimates of $1.10.
Revenues for the quarter rose 11% year-over-year to $821.8 million, topping the consensus estimates of $784.4 million.
President and CEO Peter Swinburn said, "Underlying earnings for our company increased more than 85 percent in the 4th quarter versus a year ago, driven by a one-time reduction in tax rate. Behind the headline number, our results were affected by weak volumes across all markets, cost inflation in the U.S. and U.K. and brand investments in Canada."
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