AB InBev (BUD) Misses Earnings And Revenue Estimates In Q3
Zacks Investment Research | Oct 24, 2019 10:08PM ET
Anheuser-Busch InBev SA/NV (NYSE:BUD) , alias AB InBev, reported third-quarter 2019 results, wherein earnings and sales missed estimates. However, both metrics improved year over year. This marked an earnings miss, after beating estimates in the last reported quarter. Meanwhile, sales lagged estimates, after recording a beat in the preceding three quarters.
Overall, shares of AB InBev have gained 39.2% year to date, outperforming the industry ’s growth of 25.1%.
Q3 Highlights
Normalized earnings per share of $1.22 grew 58.4% from 77 cents earned in the year-ago quarter. However, the bottom line missed the Zacks Consensus Estimate of $1.36. Earnings were mainly marred by lower-than-usual top-line growth, higher cost of sales, and year-over-year phasing of sales and marketing investments.
Anheuser-Busch InBev SA/NV Price, Consensus and EPS Surprise
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