Investing.com - Brown Forman (NYSE:BFb) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Brown Forman announced earnings per share of $0.48 on revenue of $899M. Analysts polled by Investing.com anticipated EPS of $0.4236 on revenue of $905.74M.
Brown Forman shares are down 9% from the beginning of the year, still down 13.27% from its 52 week high of $83.11 set on September 2, 2020. They are under-performing the S&P 500 which is up 3.04% 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 Coca-Cola on February 10, who reported EPS of $0.47 on revenue of $8.6B, compared to forecasts EPS of $0.4184 on revenue of $8.6B.
PepsiCo had beat expectations on February 11 with fourth quarter EPS of $1.47 on revenue of $22.46B, compared to forecast for EPS of $1.46 on revenue of $21.8B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar