Craft Brew Alliance Inc (BREW) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Craft Brew Alliance Inc (BREW) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.13. The company posted revenue of $62.28 million in the period, compared to analysts expectations of $61.52 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Craft Brew Alliance Inc opened for trading at $11.46 and hit $11.6 on the upside on Tusday, eventually ending the session at $11.47, with a gain of 1.24% or 0.14 points. The heightened volatility saw the trading volume jump to 49,309 shares. Company has a market cap of $220 M.

In a different news, on Mar 19, 2015, John D Jr Rogers (director) purchased 2,500 shares at $13.22 per share price.

Craft Brew Alliance Inc. is an independent craft brewing company. The Company operates in two segments: Beer Related operations and Pubs operations. Beer Related operations include the brewing and sale of craft beers and cider from its breweries both domestically and internationally. Pubs operations primarily include its five pubs four of which are located adjacent to its Beer Related operations as well as other merchandise sales and sales of its beers directly to customers. The Company’s brand portfolio comprises the Kona Brewing Company Widmer Brothers Brewing Redhook Brewery Omission Beer and Square Mile Cider Company brand families. It produces a variety of specialty craft beers and ciders. The Company brews its beers using hops malted barley wheat rye and other natural traditional and non-traditional ingredients. To craft its ciders the Company uses three apple varieties from the Pacific Northwest and then uses a lager beer yeast to make a hard cider.

Craft Brew Alliance Inc

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