Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Boston Beer Company Inc Popped 19% in July

TheMotleyFool

0 0

Why Boston Beer Company Inc Popped 19% in July

Shares of craft brewer Boston Beer Company Inc (NYSE: SAM) jumped 18.7% in July, according to data provided by S&P Global Market Intelligence, after reporting earnings from the second quarter of 2017.

Second-quarter revenue was up 1%, to $247.9 million, and net income rose 9.4%, to $29.1 million, or $2.35 per share. A big reason the stock spiked is that analysts were only expecting $1.41 per share in earnings. On top of the earnings beat, management increased the bottom end of full-year earnings guidance from $4.20 to $5.00 with the top end staying at $6.20 per share.

Image source: Getty Images.

Source: Fool.com