Investing.com - Brown Forman (NYSE:BFb) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Brown Forman announced earnings per share of $0.67 on revenue of $753M. Analysts polled by Investing.com anticipated EPS of $0.3 on revenue of $689.68M.
Brown Forman shares are up 16% from the beginning of the year and are trading at $78.92 , down-from-52-week-high.They are outperforming the S&P 500 which is up 10.11% from the start of the year.
Brown Forman shares gained 8.71% 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 Estee Lauder on August 20, who reported EPS of $-0.5 on revenue of $2.43B, compared to forecasts EPS of $-0.19 on revenue of $2.45B.
Diageo ADR had beat expectations on August 4 with fourth quarter EPS of $109 on revenue of $11.75B, compared to forecast for EPS of $1.4 on revenue of $5,760M.
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