FX.co ★ Molson Coors Brewing Company Q1 Profit Increases, beats estimates

Molson Coors Brewing Company experienced a notable increase in earnings for its first quarter, which surpassed previous analysts' predictions.

The company's earnings peaked at $207.8 million, translating to $0.97 per share. This is a substantial rise from last year's first quarter earnings of $72.5 million, or $0.33 per share.

When considering specific factors, Molson Coors Brewing Company reported adjusted earnings of $202.8 million or $0.95 per share for the same period.

The average analyst forecast had predicted the company would earn $0.74 per share. These forecasts by Thompson Reuters typically exclude special items.

In addition, the company's revenue for the quarter surged by 10.6% to $2.60 billion, up from $2.35 billion the previous year.

To summarise, Molson Coors Brewing Company's first quarter earnings, according to GAAP, are as follows:

- Earnings for Q1 are $207.8 million, up from $72.5 million in the previous year.

- Earnings per share for Q1 were $0.97, a noteworthy increase from $0.33 in the previous year.

- Revenue for Q1 rose to $2.60 billion, up from $2.35 billion in the previous year.