Molson Coors Brewing Company Q3 adjusted earnings Beat Estimates

(RTTNews) - Molson Coors Brewing Company (TAP-A) reported a profit for its third quarter that increased from last year.

The company's earnings came in at $338.3 million, or $1.56 per share. This compares with $287.0 million, or $1.33 per share, in last year's third quarter.

Excluding items, Molson Coors Brewing Company reported adjusted earnings of $398.5 million or $1.84 per share for the period.

Analysts had expected the company to earn $1.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $2.93 billion from $2.88 billion last year.

Molson Coors Brewing Company earnings at a glance:

-Earnings (Q3): $398.5 Mln. vs. $296.5 Mln. last year. -EPS (Q3): $1.84 vs. $1.37 last year. -Analysts Estimate: $1.59 -Revenue (Q3): $2.93 Bln vs. $2.88 Bln last year.