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 $0.4 on revenue of $906M. Analysts polled by Investing.com anticipated EPS of $0.3918 on revenue of $830.12M.
Brown Forman shares are down 11% from the beginning of the year and are trading at $70.22 , down-from-52-week-high.They are under-performing the S&P 500 which is up 20.41% from the start of the year.
Brown Forman follows other major Consumer/Non-Cyclical sector earnings this month
Brown Forman's report follows an earnings beat by Monster Beverage on August 5, who reported EPS of $0.75 on revenue of $1.46B, compared to forecasts EPS of $0.6762 on revenue of $1.39B.
Kraft Heinz had beat expectations on August 4 with second quarter EPS of $0.78 on revenue of $6.62B, compared to forecast for EPS of $0.7215 on revenue of $6.55B.
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