Molson Coors: 4Q Earnings Snapshot

DENVER (AP) _ Molson Coors Brewing Co. (TAP) on Thursday reported a fourth-quarter loss of $1.37 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of $6.32. Earnings, adjusted for non-recurring costs, were 40 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The beer maker posted revenue of $2.78 billion in the period. Its adjusted revenue was $2.29 billion.

For the year, the company reported a loss of $949 million, or $4.38 per share, swinging to a loss in the period. Revenue was reported as $9.68 billion.

Molson Coors shares have risen slightly more than 8% since the beginning of the year, while the Standard & Poor's 500 index has climbed 4%. The stock has decreased 15% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAP at https://www.zacks.com/ap/TAP

Latest Stories

  • Democratic impeachment managers praise Mike Pence for standing up to Trump

    During the second day of former President Trump’s Senate impeachment trial, Rep. Ted Lieu, D-Calif., praised former Vice President Mike Pence for standing up to his then boss and certifying President Biden’s election victory.

  • Arrest made in case of Louisiana teen who disappeared, was found dead

    Quawan "Bobby" Charles, 15, was reported missing by his family on Oct. 30.

  • U.S. to start sending COVID-19 vaccines directly to community health centers

    The U.S. government will begin shipping COVID-19 vaccines directly to community health centers next week in an effort to speed vaccinations and ensure doses are reaching vulnerable people, U.S. health officials said on Tuesday. The government will send doses to 250 centers nationwide selected based on their proximity to vulnerable groups, such as homeless people and those with limited proficiency in English, they said. Typically, vaccine doses would go to state governments for distribution to health centers.

  • Romney says footage shown at impeachment trial let him know how close he was to danger

    Sen. Mitt Romney (R-Utah) told reporters on Wednesday evening that when House impeachment managers showed previously unreleased law enforcement footage of the Capitol riot during the day's proceedings, he learned just how close he had been to the mob. In the video, Romney is shown running into Capitol Police Officer Eugene Goodman, who motions for him to turn around, as he was headed directly toward the rioters. Immediately after the attack, video was released showing Goodman diverting the mob away from the Senate chambers, and Romney told reporters he did not know that the same officer had helped him that day. "I look forward to thanking him when I next see him," Romney said, adding he feels "very fortunate" that Goodman was "there to get me in the right direction." Seeing the new footage of the attack was "very troubling," he said, and witnessing the "great violence that our Capitol Police and others were subjected to ... tears at your heart and brings tears to your eyes. That was overwhelmingly distressing and emotional." More stories from theweek.comTrump publicly attacked Pence during the Capitol riot knowing Pence was in trouble, GOP senator suggestsMurkowski says after seeing 'pretty damning' evidence, she doesn't think Trump could ever be re-electedLate night hosts find creative ways to show just how badly Trump's impeachment trial is going for the GOP

  • Pakistan commutes death sentence for 2 mentally ill convicts

    In a landmark ruling, Pakistan's top court on Wednesday commuted the death sentences of two mentally ill prisoners who have spent decades on death row, the first such ruling in this conservative Muslim-majority nation. The decision by the Supreme Court was quickly hailed by Justice Project Pakistan, a rights group that has fought an extensive, years-long legal battle for the two inmates. One of the two prisoners whose sentence was commuted, Kanizan Bibi, has spent 30 years on death row.

  • CNN reporter: Fox News cut away from impeachment coverage to keep 'its audience from seeing the truth'

    Viewers who tuned into MSNBC and CNN at 5 p.m. ET on Wednesday were able to watch as House impeachment managers presented new, harrowing footage of the Capitol rioters. Meanwhile, on Fox News, the network cut away from the proceedings to air The Five, which included a guest appearance by Judge Jeanine Pirro, who ranted that Democrats are "trying to tarnish Donald Trump so he can never run again." CNN chief congressional correspondent Manu Raju tweeted about Fox News' decision to stop airing the trial, and his colleague Abby Phillip, CNN's senior political correspondent, responded, "Fox will do anything to prevent its audience from seeing the truth." It wasn't just Pirro slamming the impeachment trial; The Five host Greg Gutfield called it "emotional political theater," while over at the conservative Newsmax network, host Chris Salcedo sneered that the proceedings were "a bipartisan betrayal of the American people," adding, "let's watch the dagger plunge even further into the backs of we the people and this country." Newsmax host begins the 5 PM hour: "We have continuing coverage of a bipartisan betrayal of the American people...Let's watch the dagger plunge even further into the backs of we the people and this country" pic.twitter.com/vij8i9Biyy — Jason Campbell (@JasonSCampbell) February 10, 2021 More stories from theweek.comTrump publicly attacked Pence during the Capitol riot knowing Pence was in trouble, GOP senator suggestsMurkowski says after seeing 'pretty damning' evidence, she doesn't think Trump could ever be re-electedLate night hosts find creative ways to show just how badly Trump's impeachment trial is going for the GOP

  • Man dies by suicide outside U.S. representative's Texas home

    Police said there is no reason to believe there is a further threat to Van Duyne, a Republican. The FBI is assisting in the investigation.

  • Iranian nuclear scientist killed by one-ton automated gun in Israeli hit: Jewish Chronicle

    The Iranian nuclear scientist assassinated near Tehran in November was killed by a one-ton gun smuggled into Iran in pieces by the Israeli intelligence agency Mossad, according to a report by The Jewish Chronicle on Wednesday. Citing intelligence sources, the British weekly said a team of more than 20 agents, including Israeli and Iranian nationals, carried out the ambush on scientist Mohsen Fakhrizadeh after eight months of surveillance. Shortly after his death Iran pointed the finger at Israel, Foreign Minister Javad Zarif writing on Twitter of “serious indications of (an) Israeli role."

  • 8 sentenced to death in Bangladesh for killing publisher

    Anti-Terrorism Special Tribunal Judge Majibur Rahman announced the verdicts in a packed courtroom in the presence of six defendants. Another two, including sacked military official Sayed Ziaul Haque Zia, remain at large. The judge had earlier issued arrest warrants for them.

  • Murkowski says after seeing 'pretty damning' evidence, she doesn't think Trump could ever be re-elected

    Previously unreleased footage of the Jan. 6 Capitol riot shown during Wednesday's impeachment proceedings left Sen. Lisa Murkowski (R-Alaska) "angry," "disturbed," and "sad," she told reporters Wednesday night. The video and audio showcased the brutality of some members of the pro-Trump mob that stormed the Capitol. In one clip, an officer was shown getting crushed in a doorway, while other videos showed officers getting shoved as they tried to keep rioters back. "I don't see how after the American public sees the whole story laid out here ... how Donald Trump could be re-elected to the presidency," Murkowski told reporters. The House impeachment managers put together a timeline detailing where the rioters were at the Capitol, Trump's messages to the mob, and pleas lawmakers made to Trump in an attempt to get his supporters to leave the complex. The managers are trying to prove that Trump incited an insurrection, and they are making "a strong case," Murkowski said. "The evidence that has been presented thus far is pretty damning." More stories from theweek.comTrump publicly attacked Pence during the Capitol riot knowing Pence was in trouble, GOP senator suggestsLate night hosts find creative ways to show just how badly Trump's impeachment trial is going for the GOPTokyo Olympics chief to reportedly step down after saying women talk too much

  • Garbage men rescue missing 10-year-old girl from accused kidnapper

    Their employer congratulated them for their heroic act

  • Chinese firm 'linked to country’s intelligence agency' worked with BBC on flagship shows

    A Chinese firm with alleged links to the country’s intelligence agency has worked with the BBC on flagship shows, including co-producing Sir David Attenborough’s Blue Planet II. Tencent, a £375 billion tech and media giant, owns the controversial Chinese messaging app WeChat, which was banned in the US on national security grounds under one of Donald Trump’s final executive orders. WeChat has been described as a “key component of the Chinese government's infrastructure of control” after it was claimed that Tencent censors politically sensitive content on foreign accounts, an allegation it has previously denied. It has also been claimed that Tencent received money from the Ministry of State Security, China’s main intelligence agency, when it was founded in 1998, an allegation it has also denied. This week it was revealed that Oxford University accepted £700,000 from Tencent to rename one of its prestigious fellowships at New College. The Wykeham chair of physics, which was established in 1900, will now be known as the Tencent-Wykeham chair in honour of the Chinese computing giant. The move was described as “very unwise” and “grotesque” by MPs given the allegations of the tech firm’s connection to China’s security apparatus. Experts today expressed further concern at Tencent’s relationship with another leading British institution after it emerged that the BBC has signed a string of deals with the Chinese company since 2016 to co-produce a litany of the broadcaster’s flagship shows, including Sir David’s Blue Planet II.

  • Four years into voyage and close to land, tanker crew still stuck aboard

    Nearly four years into their odyssey at sea, the five-member crew of oil tanker MT Iba is tantalizingly close to shore, yet still unable to set foot on dry land.

  • Punished by Democrats, Greene consolidates support at home

    Stripped of her congressional committee assignments and causing heartburn for traditional conservatives ahead of next year's elections, Republican Rep. Marjorie Taylor Greene may actually emerge stronger back home in her deep-red northwest Georgia district. Greene's long history of incendiary social media posts — expressing racist views, pushing absurd conspiracy theories and endorsing threats of violence against elected officials — caught up with her Thursday when Democrats, joined by 11 Republicans, removed her from two House committees. GOP control has already been slipping in Georgia, where Democrats won this latest presidential contest for the first time since 1992 and followed with dual Senate victories in January runoffs, made possible in part by a sizable drop in voting in Greene's district after she pushed false claims about voter fraud.

  • Trump publicly attacked Pence during the Capitol riot knowing Pence was in trouble, GOP senator suggests

    Former Vice President Mike Pence was a perhaps unlikely hero of Day 2 of former President Donald Trump's impeachment trial — unlikely because the people lauding his courage and extolling his patriotic fulfillment of duty to God and country were the fairly progressive Democrats prosecuting the case that Trump incited an insurrection on Jan. 6. Rep. Ted Lieu (D-Calif.), for example, described how Trump "turned on" Pence, who was presiding over the counting of President Biden's electoral win. The impeachment managers also showed new footage of Pence and his family being evacuated from the Senate chamber down some back stairs at 2:26 p.m., 14 minutes after the pro-Trump mob broke into the Capitol building. Pence had been evacuated from the Senate chamber at 2:14 p.m. At 2:24 p.m., the impeachment managers noted, Trump tweeted: "Mike Pence didn't have the courage to do what should have been done to protect our country and our Constitution. ... USA demands the truth!" Video from the siege made clear the rioters were reading Trump's tweets and hunting for Pence. The time Pence was evacuated and Trump tweeted were public knowledge before the impeachment trial started, but it wasn't clear if Trump knew what was going on in the Capitol when he tweeted about Pence. Sen. Tommy Tuberville (R-Ala.) may have provided that missing link, HuffPost's S.V. Date and Politico's Kyle Cheney suggest. Trump called Tuberville during the insurrection, via Sen. Mike Lee's (R-Utah) phone, and Tuberville told reporters Wednesday night he had informed Trump that security personnel had just whisked Pence out of the chamber for his safety. "He didn't get a chance to say a whole lot because I said, 'Mr. President, they just took the vice president out. I've got to go,'" Tuberville said. Less than 10 minutes later, Trump tweeted his attack on Pence, strongly suggesting, Date notes, that "Trump was aware of the danger Pence was in at the time he posted his tweet." More stories from theweek.comMurkowski says after seeing 'pretty damning' evidence, she doesn't think Trump could ever be re-electedLate night hosts find creative ways to show just how badly Trump's impeachment trial is going for the GOPTokyo Olympics chief to reportedly step down after saying women talk too much

  • Ireland calls for calm as EU rebuffs British Brexit demands

    Ireland on Thursday called on the European Union and Britain to dial down the rhetoric in a blame game over post-Brexit trade frictions after Brussels rejected most of London's demands for easier trade with Northern Ireland. Britain has sought to extract concessions from the EU since the European Commission sought briefly last month to prevent coronavirus vaccines from moving across the open border between EU member Ireland and the British province of Northern Ireland. The Commission cited a shortfall of vaccines promised for the EU, but reversed its move after an uproar, with Northern Ireland First Minister Arlene Foster calling it an "incredible act of hostility."

  • Idaho man pleads guilty to rape and murder after innocent suspect spent 20 years behind bars

    'Today was a good day in that there's some finality to it,' says Angie Dodge's brother Brent

  • Is one day a week enough? Biden's school goal draws blowback

    President Joe Biden is being accused of backpedaling on his pledge to reopen the nation’s schools after the White House added fine print to his promise and made clear that a full reopening is still far from sight. In January he specified that the goal applied only to schools that teach through eighth grade. White House press secretary Jen Psaki defended the goal Wednesday, calling it part of a “bold ambitious agenda.”

  • Scene-by-scene: Graphic new footage of Capitol siege shows Mike Pence's narrow escape with the 'nuclear football'

    Donald Trump stands accused of being the “Inciter in Chief” who summoned a mob of violent insurrectionists to attack the Capitol building and try to overturn the result of the November election. In chilling new video footage played during his trial for impeachment, Senators were shown just how dangerous, violent and committed those rioters were on Jan 6. There are desperate calls for backup. Panicked Senators run through the building looking for escape routes. Brave police officers try to hold their lines and push the rioters back. Mitt Romney, a Republican senator who was steered away from trouble by police officer Eugene Goodman, said: "It tears at your heart and brings tears to your eyes. "That was overwhelmingly distressing and emotional". This is how the day unfolded, according to Democrat prosecutors. 12:30pm - Trump's speech

  • Four blasts hit Kabul, district police chief among the dead

    Four blasts rocked Afghanistan's capital on Wednesday, killing two people, including a police chief who had been attempting to crack down on the city's growing insecurity, marked by almost daily assassinations. "In the wake of three terrorist attacks in Kabul this morning, Mohammadzai Kochai, police chief of district five of Kabul was martyred along with his bodyguard," interior ministry spokesman Tariq Arian said. A separate blast later hit a car near the upmarket international Serena Hotel, although a police spokesman said there were no casualties.