31-07-2019 16:01 via feedproxy.google.com

Molson Coors tumbles after earnings fail to hit Wall Street's lowest estimate (TAP)

Share's of Molson Coors, one of the world's largest beer brewers, fell by as much as 7% on Wednesday after the company reported second-quarter earnings that fell short of Wall Street's most conservative estimates.
Earnings-per-share came in at $1.52, narrowly missing the bottom end of Wall Street's range of $1.55 to $1.71. 
The brewer posted a 5.6% drop in worldwide brand volume, which the company partially attributed to challenging market conditions.
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