Anheuser Busch Inbev SA (ADR) (BUD) Releases Earnings Results, Misses Expectations By $-0.16 EPS

Anheuser Busch Inbev SA (ADR) (BUD) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $1.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $1.22. The company posted revenue of $10806.00 million in the period, compared to analysts expectations of $10948.38 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on Anheuser Busch Inbev SA (ADR). Company shares were Downgraded by RBC Capital Mkts on Jul 6, 2016 to ” Underperform”, Firm has raised the Price Target to $ 106 from a previous price target of $102 .

Anheuser Busch Inbev SA (ADR) opened for trading at $122.07 and hit $126.08 on the upside on Thursday, eventually ending the session at $125.92, with a gain of 3.26% or 3.98 points. The heightened volatility saw the trading volume jump to 50,10,731 shares. Company has a market cap of $202,510 M.

Anheuser Busch Inbev SA formerly Anheuser-Busch InBev SA/NV is a brewing company. The Company produces markets distributes and sells a portfolio of approximately 200 beer and other malt beverage brands. The Company operates in seven business segments: North America Mexico Latin America North Latin America South Europe Asia Pacific and Global Export & Holding Companies. The Company also produces and distributes soft drinks particularly in Latin America and other near beer products such as Lime-A-Rita and other Rita family products in the United States and other countries. The Company’s brand portfolio consists of three categories: global brands Budweiser Corona (except in the United States) and Stella Artois; multi-country brands Beck’s Leffe and Hoegaarden and local brands Bud Light Michelob Victoria Modelo Especial Negra Modelo Skol Brahma Antarctica Quilmes Jupiler Klinskoye Sibirskaya Korona Chernigivske Cass Harbin and Sedrin.

Anheuser Busch Inbev SA (ADR)

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