Brown-Forman (BF-A) Misses Q2 EPS by 3c

Brown-Forman (NYSE: BF-A) reported Q2 EPS of $0.97, $0.03 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.

Paul Varga, the company's Chief Executive Officer, said, "While adverse foreign currency exchange continued to dampen our reported results, Brown-Forman's underlying results in the first half of the year remain strong and keep us on track to achieve our full year growth outlook. We expect our top-tier underlying results to be driven by our Jack Daniel's-led portfolio, our leadership position in the premium American whiskey category, and the breadth and balance of our geographic development."

GUIDANCE:

Brown-Forman sees FY2016 EPS of $3.40-$3.60, versus the consensus of $3.48.

For earnings history and earnings-related data on Brown-Forman (BF-A) click here.

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