Investing.com - Brown Forman (NYSE:BFb) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Brown Forman announced earnings per share of $0.54 on revenue of $1.04B. Analysts polled by Investing.com anticipated EPS of $0.4752 on revenue of $981.49M.
Brown Forman shares are down 5% from the beginning of the year, still down 15.95% from its 52 week high of $81.57 set on June 4, 2021. They are outperforming the S&P 500 which is down 8.55% from the start of the year.
Brown Forman shares gained 5.76% in intra-day trade following the report.
Brown Forman follows other major Consumer Staples sector earnings this month
Brown Forman's report follows an earnings beat by Walmart on February 17, who reported EPS of $1.53 on revenue of $152.87B, compared to forecasts EPS of $1.5 on revenue of $151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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