Brown-Forman Corporation (BF.B) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Brown-Forman Corporation (BF.B) reported quarterly earnings results on Wednesday, Aug-31-2016. The company reported $0.36 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.37. The company posted revenue of $856.00 million in the period, compared to analysts expectations of $875.50 million. The company’s revenue was down -4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Brown-Forman Corporation. Brown-Forman Corporation was Downgraded by BofA/Merrill to ” Underperform” on Jul 13, 2016.

Brown-Forman Corporation manufactures bottles imports exports markets and sells alcoholic beverages. The Company’s principal brands include Jack Daniel’s Tennessee Whiskey Jack Daniel’s ready-to-drinks (RTD) Jack Daniel’s Tennessee Honey Gentleman Jack Rare Tennessee Whiskey Jack Daniel’s Tennessee Fire Jack Daniel’s Single Barrel Finlandia Vodkas Finlandia RTDs Southern Comfort Southern Comfort flavored line extensions Southern Comfort RTDs Early Times Kentucky Whisky Early Times Fire Eater Early Times Kentucky Bourbon Korbel California Champagnes Korbel California Brandy and el Jimador Tequilas among others. The Company’s international markets include Australia the United Kingdom Mexico Germany Poland France Russia Turkey Canada and Japan. The Company’s products are sold in more than 160 countries around the world.

Brown-Forman Corporation

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