WASHINGTON (dpa-AFX) - Alcoholic beverage maker Brown-Forman Corp. (BFA, BFB) Thursday reported a profit of $157.6 million for the second quarter compared to $154.0 million a year ago. On a per share basis, profit rose to $1.09 from $1.05 in the previous year.
On average, eight analysts polled by Thomson Reuters expected earnings of $1.09 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the three months were up to $1.01 billion from $905.7 million in the previous year. Street view was for revenues of $955.79 million.
Looking ahead, the company has adjusted its full-year earnings outlook to a range of $3.45 to $3.70 per share from the previous range of $3.45 to $3.85 per share. Analysts estimates earnings of $3.68 per share.
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