Brown-Forman (NYSE: BF.B), the maker of alcohol products such as Jack Daniel's and Southern Comfort, is drunk on success today. The B shares of the company were up well over 8% at the time of this writing in afternoon trading, on good volume. The first-quarter earnings served as the catalyst.

Net sales unfortunately decreased 7%, but earnings per share on an adjusted basis (taking into account a charge in the year-ago period) expanded by 17% to 81 cents. According to Earnings.com, that number came in way ahead of estimates of 62 cents per share.

Continue reading Brown-Forman intoxicated on its Q1 results

Brown-Forman intoxicated on its Q1 results originally appeared on BloggingStocks on Wed, 02 Sep 2009 17:30:00 EST. Please see our terms for use of feeds.

Brown-Forman (NYSE: BF.B), a distributor of alcoholic products, including the iconic Jack Daniel's brand, reported results for the fourth quarter on Wednesday. According to Reuters, Brown-Forman did all right for itself.

The top line saw a decline of 12%, but the bottom line did a lot better, coming in at 53 cents per share. It's not that the per-share profit generated was bigger than last year; it wasn't. But the 53 cents beat Wall Street's view on what the company was capable of delivering. The market thought that 49 cents would be the limit of Brown-Forman's success.

Continue reading Brown-Forman beats in Q4 -- should you step up to the bar and buy?

Brown-Forman beats in Q4 -- should you step up to the bar and buy? originally appeared on BloggingStocks on Thu, 11 Jun 2009 08:15:00 EST. Please see our terms for use of feeds.