Molson Coors Brewing (TAP -3.4%) dips after its Q3 EPS falls short of the mark. Earnings fell...

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

Molson Coors Brewing (TAP -3.4%) dips after its Q3 EPS falls short of the mark. Earnings fell 23% Y/Y due to lower volume and cost inflation. High unemployment has affected beer sales across developed markets, forcing the company to cut operating costs in order to shore up its bottom line. Gross margin fell to 42.3% from 47.7% as throughput costs rose 20%.