Investing.com - Brown Forman (NYSE:BFb) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Brown Forman announced earnings per share of $0.27 on revenue of $709M. Analysts polled by Investing.com anticipated EPS of $0.28 on revenue of $695.17M.
Brown Forman shares are up 3% from the beginning of the year and are trading at $70.13 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.38% year to date.
Brown Forman shares gained 3.22% in intra-day trade the report.
Brown Forman follows other major Consumer/Non-Cyclical sector earnings this month
Brown Forman's report follows an earnings missed by Shiseido Company on May 12, who reported EPS of $0.03 on revenue of $2.12B, compared to forecasts EPS of $0.29 on revenue of $2.28B.
Hormel Foods had missed expectations on May 21 with second quarter EPS of $0.42 on revenue of $2.4B, compared to forecast for EPS of $0.43 on revenue of $2.39B.
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