Connect with us

Entertainment

Why Anheuser-Busch (BUD) Stock Is Rising By Benzinga

Published

on

Why Anheuser-Busch (BUD) Stock Is Rising

[ad_1]


© Reuters. Why Anheuser-Busch (BUD) shares are rising

Anheuser-Busch Inbev SA (NYSE: BUD) Shares are trading up 5.42% at $49.78 in Thursday’s session after the company reported third-quarter earnings and released guidance.

What happened?

Anheuser-Busch reported quarterly adjusted earnings of 84 cents per share, matching analysts’ consensus estimate.

The company reported quarterly sales of $15.09 billion, which beat analysts’ consensus estimate of $15.16 billion by less than 1%.

“We experienced broad-based volume growth of 3.7% this quarter, resulting in an accelerated revenue increase of 12.1%. We continue to see strong consumer demand for our portfolio and a resilient beer category as we navigate a dynamic operating environment. our performance and continued momentum, we are raising the bottom of our FY22 EBITDA outlook,” said Michel DoukerisCEO, AB InBev.

According to data from Benzinga Pro, Anheuser-Busch has a 52-week high of $67.91 and a 52-week low of $44.51.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

[ad_2]

Trending