Brown-Forman’s stock dips – MarketWatch

Brown-Forman Corp. ‘s stock fell 4.6% early Wednesday, after the parent of Jack Daniel’s whiskey’s fiscal third-quarter sales fell short of estimates, overshadowing a profit beat.

The Louisville, Ky.-based company BF.A BF.B posted net income of $285 million, or 60 cents a share, for the quarter to Jan. 31, up from $100 million, or 21 cents a share, in the year-earlier period. Sales fell 1% to $1.069 billion from $1.081 billion.


Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.

Subscribe Now

Source link

Related Articles

Back to top button