Brown-Forman B: Fiscal Third Quarter Earnings Overview

Brown-Forman Reports Strong Third-Quarter Earnings

Brown-Forman Corporation, headquartered in Louisville, Kentucky, announced a net income of $267 million for its fiscal third quarter.

The company reported earnings of 58 cents per share for the quarter.

These results surpassed analysts’ expectations, as the consensus from four analysts polled by Zacks Investment Research had projected earnings of 48 cents per share.

Quarterly revenue reached $1.06 billion, also outperforming Wall Street forecasts. Analysts surveyed by Zacks had anticipated revenue of $999.7 million.

Since the start of the year, Brown-Forman B shares have climbed approximately 8%, while the S&P 500 index has remained relatively unchanged. Over the past year, however, the stock has dropped by 15%.

This article was produced using data from Zacks Investment Research and generated by Automated Insights.