Brown-Forman B: Fiscal Q4 Earnings Snapshot
LOUISVILLE, Ky. (AP) _ Brown-Forman Corporation B (BF.B) on Wednesday reported fiscal fourth-quarter earnings of $151 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of 31 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The company posted revenue of $996 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $846.9 million.
For the year, the company reported profit of $838 million, or $1.74 per share. Revenue was reported as $3.93 billion.
Brown-Forman B shares have fallen slightly more than 9% since the beginning of the year, while the S&P’s 500 index has declined 13%. The stock has declined 17% in the last 12 months.