How Anheuser-Busch InBev Brewed Up an 11% Gain So Far This Week
As of yesterday's close, shares of Anheuser-Busch InBev (NYSE: BUD) are up over 11% this week, according to data provided by S&P Global Market Intelligence, after the mega-brewer reported third-quarter financial results that handily beat Wall Street estimates, and provided an upbeat outlook for the rest of the year.
Despite rising inflation and significant supply chain disruptions, the world's largest brewer was able to post sales of $14.3 billion and underlying earnings of $0.84 per share, easily surpassing analyst expectations for $13.7 billion in revenue and profits of $0.65 per share.
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Source Fool.com
