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Boston Beer: 4Q Earnings Snapshot

Associated Press
Updated ·1-min read

BOSTON (AP) _ Boston Beer Co. (SAM) on Wednesday reported fourth-quarter earnings of $13.8 million.

The Boston-based company said it had net income of $1.12 per share. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The brewer posted revenue of $301.3 million in the period.

For the year, the company reported profit of $110 million, or $9.16 per share. Revenue was reported as $1.25 billion.

Boston Beer shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $429.01, a climb of 60% 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 SAM at https://www.zacks.com/ap/SAM