LEUVEN, Belgium (AP) — LEUVEN, Belgium (AP) — Anheuser Busch Inbev SA (BUD) on Thursday reported third-quarter profit of $1.6 billion.
On a per-share basis, the Leuven, Belgium-based company said it had profit of 81 cents. Earnings, adjusted for non-recurring costs, were $1.21 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The brewer posted revenue of $16.51 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $16.24 billion.
Anheuser-Busch Inbev shares have increased 26% since the beginning of the year. The stock has risen 31% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BUD at https://www.zacks.com/ap/BUD
