Brown-Forman Corp. ‘s stock fell 4.6% early Wednesday, after the parent of Jack Daniel’s whiskey’s fiscal third-quarter sales fell short of estimates, overshadowing a profit beat. The Louisville, Ky.-based company BF.A BF.B posted net income of $285 million, or 60 cents a share, for the quarter to Jan. 31, up from $100 million, or 21 cents a share, in the year-earlier period. Sales fell 1% to $1.069 billion from $1.081 billion. The…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Article Attribution | Read More at Article Source
Brown-Forman Corp. ‘s stock fell 4.6% early Wednesday, after the parent of Jack Daniel’s whiskey’s fiscal third-quarter sales fell short of estimates, overshadowing a profit beat. The Louisville, Ky.-based company BF.A BF.B posted net income of $285 million, or 60 cents a share, for the quarter to Jan. 31, up from $100 million, or 21 cents a share, in the year-earlier period. Sales fell 1% to $1.069 billion from $1.081 billion. The…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]