real-time news and commentary for investors
Tuesday, Aug 6
Molson Coors higher after reporting earnings
- Molson Coors (TAP) saw worldwide beer volume increase 20.2% in Q2 as an acquisition in Central Europe boosts this year's results.
- The company realized earnings accretion from the Central Europe business and benefited from a lower tax rate in Canada.
- Consistent with the theme from other global brewers, Molson Coors says it expects "weak" consumer demand for the balance of the year. (PR)
- TAP +2.8% premarket.