BUZZ-Molson Coors Beverage soars after quarterly sales, profit beat

Updates

Molson Coors Beverage's TAP.N shares jump as much as 7.1% at $57.25 in early trading

If gains hold, stock set for best day since September 2024

*Beer maker posts quarterly sales of $2.74 billion vs analysts' estimate of $2.70 billion, as per data compiled by LSEG

Logs underlying profit of $1.30 per share vs estimate of $1.13 per share

Its forecast of FY sales growth is in contrast to analysts' estimate of a decline

Co says EMEA and APAC segments, as well as Canada performed strongly; however U.S. was challenged and, along with a contract wind down, hit results by 3%

TAP stock fell 6% in 2024