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Why Boston Beer Company Inc. Stock Skyrocketed Today

TheMotleyFool 
0 0 28.07.17
Why Boston Beer Company Inc. Stock Skyrocketed TodayPhoto, wide shot, wide-angle lens, Restaurant, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/57273392-070f-46de-9297-125616327242.png
 
Why Boston Beer Company Inc. Stock Skyrocketed Today

Shares of Boston Beer Company (NYSE: SAM) were up 16% as of 12:45 p.m. EDT Friday after the craft brewing specialist announced better-than-expected second-quarter 2017 results.

Quarterly revenue increased 1.3% year over year to $264.7 million and translated to 9.4% growth in net income to $29.1 million. Thanks to share repurchases over the past year, net income per diluted share rose 14.1% to $2.35. By comparison, investors were only expecting earnings of $1.41 per share on revenue of $247.9 million.

IMAGE SOURCE: THE MOTLEY FOOL.

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Source: Fool.com

Boston Beer Company Inc. Stock

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-0.640%
The price for the Boston Beer Company Inc. stock decreased slightly today. Compared to yesterday there is a change of -€1.000 (-0.640%).

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