Molson Coors Brewing Company Reports 28% Rise In Q1 Profit

(RTTNews) - Molson Coors Brewing Company (TAP-A) revealed earnings for its first quarter that rose from last year.

The company said its bottom line came in at $110.3 million, or $0.54 per share. This was up from $86.1 million, or $0.46 per share, in last year's first quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.1% to $657.2 million. This was down from $700.0 million last year.

Molson Coors Brewing Company earnings at a glance:

-Earnings (Q1): $110.3 Mln. vs. $86.1 Mln. last year. -Earnings Growth (Y-o-Y): 28.1% -EPS (Q1): $0.54 vs. $0.46 last year. -EPS Growth (Y-o-Y): 17.4% -Analysts Estimate: $0.43 -Revenue (Q1): $657.2 Mln vs. $700.0 Mln last year. -Revenue Change (Y-o-Y): -6.1%