BEAM Inc (NYSE:BEAM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
BEAM Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.75% to $0.64 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 8.22% to $577.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.64 per share. By that measure, the company beat the mean analyst estimate of $0.54. It beat the average revenue estimate of $565.93 million.
Quoting Management: “We’re pleased with Beam’s strong start to 2013,” said Matt Shattock, president and chief executive officer of Beam. “Even as we lapped our most challenging quarterly sales growth comparison of the year, our brands sustained their momentum in the marketplace and continued to outperform. We delivered above-market growth in North America, led by our heartland United States market, and we also continued to benefit from our sustained strength in Bourbon and successful innovations across our portfolio in key markets around the world.”
Key Stats (on next page)…