UPDATE: Molson Coors Brewing Posts Lower Q4 Profit

Molson Coors Brewing Co

reported a drop in its Q4 adjusted profit. Molson Coors Brewing's quarterly adjusted profit declined to $125.8 million, or $0.68 per share, versus a year-ago profit of $126.1 million, or $0.69 per share. Its net revenue dropped to $1.028 billion versus $1.030 billion. However, analysts were estimating earnings of $0.73 per share on revenue of $1.04 billion. Molson Coors Brewing raised its quarterly dividend by 16% to $0.37 per share. Molson Coors Brewing shares closed at $53.10 yesterday.