Molson Coors higher after reporting earnings

|About: Molson Coors Brewing Company (TAP)|By:, SA News Editor

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.