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Molson Coors beats forecasts despite lower third-quarter adjusted profits

2015-11-06 04:51:38| Beverages - Topix.net

Molson Coors Brewing Company beat expectations even though its adjusted profit decreased 4.3 per cent to US$259.9 million in the third quarter due to currency swings and the ending of an agreement to distribute Miller brands in Canada. The Denver and Montreal-based company reported Thursday that it earned US$1.40 per diluted share, compared to US$1.46 per share or US$271.5 million a year earlier.

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