Brown-Forman intoxicated on its Q1 results

Filed under: Earnings reports, Coca-Cola (KO)

Brown-Forman (NYSE: BF.B), the maker of alcohol products such as Jack Daniel's and Southern Comfort, is drunk on success today. The B shares of the company were up well over 8% at the time of this writing in afternoon trading, on good volume. The first-quarter earnings served as the catalyst.

Net sales unfortunately decreased 7%, but earnings per share on an adjusted basis (taking into account a charge in the year-ago period) expanded by 17% to 81 cents. According to Earnings.com, that number came in way ahead of estimates of 62 cents per share.

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Brown-Forman intoxicated on its Q1 results originally appeared on BloggingStocks on Wed, 02 Sep 2009 17:30:00 EST. Please see our terms for use of feeds.

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