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HOOK Stock gets 18% pullback after earnings: We will be in the Q&A on Conference Call

|Includes:Craft Brew Alliance Inc (BREW)

Craft Brewers Alliance Nasdaq/HOOK reported net income of $94,000, or 1 cent per share, which compares with a loss of $1.2 million, or a loss of 7 cents a share a year earlier.

The brewer, which merged with Portland, Ore.-based Widmer Brothers Brewing Co. in July 2008, reported gross sales rose slightly to $33.9 million from $33.5 million in 2008.

Reporting on the latest quarter’s profit, company officials said it was “due to an improved margin for the 2009 period and a reduction in selling, general and administrative expenses and merger-related expenses.”

Portland-based Craft Brewers (NASDAQ: HOOK) makes bottled and draft Redhook-branded and Widmer-branded products in four breweries, including one in Woodinville, Wash., one in Portsmouth, N.H., and two in Portland.

Craft Brewers Alliance, Inc. Earnings Conference Call (Q3 2009)
Scheduled to start Tue, Nov 17, 2009, 11:30 am Eastern

Disclosure: No positions

Stocks: BREW