Molson Coors Brewing Company (TAP-A) released a profit for fourth quarter that dropped from the same period last year.
The company's earnings came in at $86.6 million, or $0.40 per share. This compares with $221.5 million, or $1.02 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.0% to $2.29 billion from $2.49 billion last year.
Molson Coors Brewing Company earnings at a glance:
-Earnings (Q4): $86.6 Mln. vs. $221.5 Mln. last year.
-EPS (Q4): $0.40 vs. $1.02 last year.
-Analysts Estimate: $0.77
-Revenue (Q4): $2.29 Bln vs. $2.49 Bln last year.
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