- Brown Forman Corporation stock price today and history
Brown Forman Corporation (BF.B) stock prices updated...
Please, Signup (Login) to subscribe or trade (demo)
Brown Forman Corporation stock price
Brown Forman Corporation latest news:
BRIEF-BROWN-FORMAN CORP ANNOUNCED THAT IT WILL INVEST $45 MLN IN BROWN-FORMAN COOPERAGE
* BROWN-FORMAN CORP - ANNOUNCED THAT IT WILL INVEST $45
MILLION IN BROWN-FORMAN COOPERAGE
Shares of Jack Daniel's parent Brown-Forman rise premarket after company's better-than-expected Q1 earnings report
Shares of alcohol company Brown-Forman Corp. were up 1.6% in premarket trade on Wednesday after the company reported fiscal 2018 first-quarter earnings that were above Wall Street's expectations. The company said net income of $178 million, or 46 cents earnings per share, compared with $144 million, or 36 cents per share during the same period a year ago. FactSet's consensus for per-share earnings was 39 cents. Brown-Forman revenue was $723 million, compared with $661 million a year ago, and above FactSet's $687 million revenue consensus. "We continue to foresee growth potential for our brands, most notably in American whiskey," said Brown-Forman Chief Executive Paul Varga in a statement. Brown-Forman said it expects underlying net sales to grow in the range of 4% to 5% for the full year, thanks to new Jack Daniel's whiskies. The company also forecasts per-share earnings to be in the range of $1.85 to $1.95, which puts FactSet's $1.85 consensus at the lower end. Shares of Brown-Forman have gained 14% in the year to date, while the S&P 500 index is up more than 9% in the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRT Realty TrustBRT
BT Group plcBT
Buckeye Partners L.P.BPL
Buenaventura Mining Company Inc.BVN