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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Molson Coors Cuts Outlook, CEO Calls Beer Market Slump 'Cyclical'

Molson Coors TAP United States Gavin Hattersley
New,York,Ny - usa-november,4,,2009,Six,Packs,Of,Coors,And

Molson Coors Beverage Company (NYSE:TAP) reported second-quarter results on Tuesday, with adjusted earnings per share of $2.05, beating the analyst consensus estimate of $1.86.

Quarterly sales of $3.201 billion beat the Street view of $3.121 billion. Net sales decreased 1.6% reported and 2.6% in constant currency.

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