Filed under: Earnings reports. , Forecasts. , Technical Analysis. Shares of The Boston Beer Company. (NYSE: SAM. ) surged to a new 52-week high Friday morning, after the brewmaster reported a third-quarter profit. of $10.4 million, or 72 cents per share, on revenue of $108.7 million. The company swung to a loss of 2 cents per share in the third quarter of 2008, but attributed its turnaround to strong shipments and decreased advertising expenses. The results were better than analysts expected, with consensus estimates calling for Boston Beer to bank a profit of 39 cents per share on $107.5 million. Looking forward, Boston Beer now expects full-year earnings of $1.75 per share to $2.05 per share, a marked increased from its prior forecast for a 2009 profit of $1.40 per share to $1.70 per share. Continue reading Boston Beer blows away 3Q expectations, hikes 2009 forecast. Boston Beer blows away 3Q expectations, hikes 2009 forecast. originally appeared on BloggingStocks. on Fri, 06 Nov
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