Molson Coors Reports 3Q Loss

Molson Coors Brewing Company reported a third-quarter loss of $34.4 million. The Denver-based company said it had a loss of 19 cents per share.

DENVER (AP) — Molson Coors Brewing Co. (TAP) on Thursday reported a third-quarter loss of $34.4 million.

The Denver-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, were $1.46 per share.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The beer maker posted revenue of $1.17 billion in the period.

Molson Coors shares have risen 32 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 9.5 percent. The stock has climbed 37 percent in the last 12 months.

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