UPDATE: Anheuser Busch Inbev Q4 profit Drops 2.9%

Anheuser Busch Inbev NV

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.