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Stock Market & Financial Investment News

News Breaks
February 27, 2013
15:01 EDTBUDAB InBev advances after earnings amid watering-down claims
Shares of brewer Anheuser Busch Inbev (BUD) are advancing after the company reported fourth quarter earnings this morning before the market open. AB InBev reported normalized earnings per share of $1.12 against consensus estimates for $1.18. Revenue rose 8.8% to $10.29B against estimates for $10.24B. The company said total volumes declined 0.1% in the quarter, with own beer volumes down 0.3% and non-beer volumes growing 0.8%. However, its "Focus Brands," which include the three global brands Budweiser, Stella Artois and Beck’s, grew by 0.4% during the three month period. Additionally, the company's board proposed a EUR 1.70 dividend to be paid semi-annually with the first payment slated for May 2. The company said that it expects 2013 to be another year of "challenge and uncertainty in the global economic environment," adding that it expects volumes in the U.S. during the first quarter to be negatively impacted by weather and short term pressure on consumer disposable income. The company was also cautious on its first quarter view for Brazil, citing wet weather and the earlier timing of Carnival compared to last year. AB InBev said it expects volume growth in China through 2013, adding that volume in China in the first quarter is showing a recovery from the end of last year. Meanwhile, Time is reporting that the company is may face class action lawsuits in multiple states alleging that the company's beer had less alcohol by volume that was advertised. Shares of AB InBev trading in New York are up $1.58, or 1.72%, to $93.38 this afternoon.
News For BUD From The Last 14 Days
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November 24, 2014
09:02 EDTBUDSABMiller to enter Brazilian market, Telegraph says
SABMiller (SBMRY) agreed to a deal with a local Brazilian brewer and will compete against AB InBev (BUD), reports the Telegraph. Reference Link
November 19, 2014
20:12 EDTBUDAB InBev cutting jobs, consolidating sales division in U.S., WSJ reports
Anheuser-Busch InBev confirmed in a statement that it is cutting jobs and consolidating its sales division in the U.S., according to the Wall Street Journal, but declined to specify how many jobs are being cut. Reference Link
November 14, 2014
07:47 EDTBUDAB InBev CEO says willing to deal but only at right price, Bloomberg reports
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November 11, 2014
11:33 EDTBUDSABMiller may look for takeover, expansion stable of beers, WSJ says
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