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Molson Coors tumbles after earnings fail to hit Wall Street's lowest estimate

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Molson Coors, which sells brand such as Coors Light and Miller Lite, saw a 5.6% decline in global volume during the second quarter.

Share's of Molson Coors, one of the world's largest beer brewers, fell by as much as 7% on Wednesday after the company reported second-quarter earnings that fell short of Wall Street's most conservative estimates. Earnings-per-share came in at $1.52, narrowly missing the bottom end of Wall Street's range of $1.55 to $1.71. The brewer posted a 5.6% drop in worldwide brand volume, which the company partially attributed to challenging market conditions.

Share's of Molson Coors, one of the world's largest beer brewers, fell by as much as 7% on Wednesday after the company reported second-quarter earnings that fell short of Wall Street's most conservative estimates. Earnings-per-share came in at $1.52, narrowly missing the bottom end of Wall Street's range of $1.55 to $1.71. The brewer posted a 5.6% drop in worldwide brand volume, which the company partially attributed to challenging market conditions.

 

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