Why Anheuser-Busch InBev Stock Crashed Today
Shares of Anheuser-Busch InBev (NYSE: BUD), the multinational beverages (specifically, beer) stock, tumbled 11.8% through 10:05 a.m. ET Thursday after the company reported declining volumes of beer shipped in the second quarter and weaker-than-expected revenue.
Analysts had forecast Anheuser-Busch would earn $0.95 per share on $15.3 billion in sales. Earnings edged out expectations at $0.98, but revenue was only $15 billion.
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Source Fool.com
