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Stock Market Today: Bud Light Maker, Reddit, Lyft Shares Up

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The beer giant reported an increase in global revenue despite Bud Light sales in the U.S. falling amid boycotts

Major U.S. indexes opened lower on Wednesday as another busy day of earnings kicked off.First-quarter earnings season is nearing an end but there were still plenty of twists and turns for investors.Read more: Compare the Best Growth StocksIt was a case of two roads diverging for car-hailing companies Uber and Lyft.

The drinks giant reported a $200 million increase in profit.The firm's overall growth came despite a 9.1 percent decline in revenue in the U.S., as boycotts of the light beer hampered sales.In a statement accompanying the earnings report, CEO Michel Doukeris said: 'The strength of the beer category, our diversified global footprint and the continued momentum of our megabrands delivered another quarter of broad-based top- and bottom-line growth.

 

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