Molson Coors Beverage soars after quarterly sales, profit beat

Molson Coors Beverage Co

13/02/2025 15:03

(Updates)
    ** Molson Coors Beverage's  TAP.N  shares jump as much as
7.1% at $57.25 in early trading
        ** If gains hold, stock set for best day since September
2024
  
    ** Beer maker posts quarterly sales of $2.74 billion vs
analysts' estimate of $2.70 billion, as per data compiled by
LSEG
        ** Logs underlying profit of $1.30 per share vs estimate
of $1.13 per share
  
    ** Its forecast of FY sales growth is in contrast to
analysts' estimate of a decline
    ** Co says EMEA and APAC segments, as well as Canada
performed strongly; however U.S. was challenged and, along with
a contract wind down, hit results by 3%
    ** TAP stock fell 6% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))