Here’s Why Shares of Boston Beer Company (Sam Adams) are Up 13%
Cheers! Shares of The Boston Beer Company (NYSE:SAM) are foaming ~13% higher on great news about the company’s outlook.
The maker of Sam Adams beer said profits for 2010 would be between $3.30 and $3.60 a share. That’s a big hop above the company’s Nov. 4 forecast for earnings between $2.85 and $3.15 a share. SAM also said shipments would be up 12% — a 20% higher outlook than the previous 10% target. Tis the season. Research shares of SAM with our new high tech research tools >>
Disclosure: No positions.
Want to Profit from Companies like The Boston Beer Company? Start a risk-free trial to our acclaimed Wall St. Cheat Sheet Premium Newsletter >>