UPDATE: Anheuser Busch Inbev Q4 profit Drops 2.9%
Anheuser Busch Inbev NV (NYSE: BUD) reported a 2.9% drop in its fourth-quarter net profit.
Net profit attributable to equity holders declined to $1.76 billion.
Its revenue climbed 8.8% to $10.29 billion, while adjusted earnings before interests, taxes, depreciations and amortizations surged 9.9% to $4.39 billion.
Analysts were expecting a net profit of $2.02 billion on revenue of $10.21 billion.
Anheuser Busch Inbev shares closed at $91.80 yesterday.
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