Brown-Forman Corp. Profit Rises In Q1, Beats Estimates

(RTTNews) - Brown-Forman Corp. (BFB) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $266 million, or $0.56 per share. This compares with $207 million, or $0.43 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.2% to $964 million from $1.05 billion last year.

Brown-Forman Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $266 Mln. vs. $207 Mln. last year. -EPS (Q1): $0.56 vs. $0.43 last year. -Revenue (Q1): $964 Mln vs. $1.05 Bln last year.