Molson Coors Brewing Company Profit Declines 9% In Q2

(RTTNews) - Molson Coors Brewing Company (TAP-A) revealed earnings for second quarter that dropped from last year.

The company said its profit totaled $239.5 million, or $1.11 per share. This was down from $263.8 million, or $1.41 per share, in last year's second quarter.

Analysts had expected the company to earn $1.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $0.99 billion. This was down from $1.01 billion last year.

Molson Coors Brewing Company earnings at a glance:

-Earnings (Q2): $239.5 Mln. vs. $263.8 Mln. last year. -Earnings Decline (Y-o-Y): -9.2% -EPS (Q2): $1.11 vs. $1.41 last year. -EPS Decline (Y-o-Y): -21.3% -Analysts Estimate: $1.11 -Revenue (Q2): $0.99 Bln vs. $1.01 Bln last year. -Revenue Change (Y-o-Y): -2.0%