Why Molson Coors Beverage Stock Dropped Today
Molson Coors Beverage (NYSE: TAP) stock dropped 5% through 1:45 p.m. ET Thursday after reporting mixed earnings last night.
On the one hand, analysts forecast Molson would earn only $1.15 per share, but Molson reported $1.21 per share in Q4 instead. On the other hand, analysts thought Molson's quarterly sales would be more than $2.7 billion -- but they ended up under $2.7 billion.
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Source Fool.com
