Boston Beer: Q3 Earnings Snapshot

BOSTON (AP) — BOSTON (AP) — Boston Beer Co. (SAM) on Thursday reported third-quarter profit of $43.2 million.

On a per-share basis, the Boston-based company said it had profit of $4.21. Earnings, adjusted for non-recurring costs, were $4.37 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share.

The brewer posted revenue of $555.5 million in the period. Its adjusted revenue was $520.1 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $523.4 million.

Boston Beer expects full-year earnings in the range of $9 to $10.50 per share.

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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 SAM at https://www.zacks.com/ap/SAM