GOLDEN, Colo. (AP) _ Molson Coors Brewing Co. (TAP) on Thursday reported first-quarter net income of $84.1 million, after reporting a loss in the same period a year earlier.
The Golden, Colorado-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring gains, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The beer maker posted revenue of $2.26 billion in the period. Its adjusted revenue was $1.9 billion.
Molson Coors shares have climbed 15% since the beginning of the year, while the S&P's 500 index has increased 11%. The stock has increased 14% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAP at https://www.zacks.com/ap/TAP
