Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Spirits company Beam (NYSE: BEAM ) reported its 3Q results today. According to the company's official press release, its net sales totaled $627.5 million, with net income of $76.5 million ($0.47 per share). Those figures were 8% higher and 82% lower, respectively, on a year-over-year basis. However, 3Q 2011's net income was distorted by a nearly $500 million gain from discontinued operations, without which the company would have posted a loss.
Analysts polled by Thomson Reuters had anticipated sales of $607 million, and an EPS of $0.55 per share. The company pointed out in its press release that diluted EPS from continuing operations came in at $0.57 for the quarter.
Beam's signature product is Jim Beam whiskey. The company has a range of liquor brands across all categories. This portfolio includes Maker's Mark whisky, Curvoisier cognac, and Sauza tequila.
Profiting from our increasingly global economy can be as easy as investing in your own backyard. Our free report, 3 American Companies Set to Dominate the World, shows you how. Click here to get your free copy before it's gone.