When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SAM - Why Boston Beer's Shares Dropped 10.3% on Thursday
Boston Beer Company Inc.
Shares of Boston Beer (NYSE: SAM) fell as much as 10.3% in trading on Thursday after the company reported fourth-quarter 2020 results. Shares ended the day down 7.8%.
Revenue was up an impressive 53.5% to $460.9 million and net income jumped 135.7% to $32.8 million, or $2.64 per share. Analysts were only expecting $453.2 million in revenue and earnings of $2.62 per share, so results easily topped that bar.