Investing.com - Molson Coors Brewing B reported on Tuesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Molson Coors Brewing B announced earnings per share of $1.19 on revenue of $2.92B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $2.94B.
Molson Coors Brewing B shares are down 41.33% from the beginning of the year and are trading at $59.68 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.59% from the start of the year.
Molson Coors Brewing B follows other major Consumer Staples sector earnings this month
Molson Coors Brewing B's report follows an earnings missed by Procter&Gamble on Friday, who reported EPS of $1.21 on revenue of $19.52B, compared to forecasts EPS of $1.22 on revenue of $19.4B.
Nestle ADR had matched expectations on Thursday with second quarter EPS of $2.18 on revenue of $24.41B, compared to forecast for EPS of $2.18 on revenue of $23.59B.
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