Molson Coors Brewing Co.
The Denver-based brewer sold more beer in Canada and Britain in the second quarter, helped by warmer weather and World Cup fans wanting to drink. Net income rose 27 percent on price increases and lower taxes.
But gains in those countries — which had been weak because of the economy — were eclipsed by sagging U.S. sales. The maker of Coors Light and Carling sold 0.7 percent less beer worldwide.
For the three months that ended in June, the company posted net income of $237.8 million, or $1.27 per share. That’s up from $187.3 million, or $1.01 per share, in the same period last year.
Excluding one-time items, the company earned $234.5 million, or $1.25 per share.
Analysts, who typically exclude one-time items, expected $1.20 per share, according to Thomson Reuters.
Whole Foods Market Inc.
The natural and organic foods grocer reported its third-quarter net income jumped as sales rose and costs fell.
Whole Foods said it earned $65.7 million, or 38 cents per share, for the quarter that ended July 4. That’s up 88 percent from the $35 million, or 25 cents per share, it earned a year earlier.
Revenue grew 15 percent to $2.16 billion.
Analysts polled by Thomson Reuters expected earnings of 38 cents per share.
Procter & Gamble Co.
The consumer products giant said fourth-quarter net income fell 12 percent, as it unleashed a company-record advertising blitz to promote new versions of Gillette shavers, Pampers diapers, Crest toothpaste and Pantene shampoo.
P&G said it earned $2.2 billion, or 71 cents per share, down from nearly $2.5 billion, or 80 cents a share, a year earlier. Revenue increased 5 percent to $18.9 billion. Analysts expected 73 cents a share.
Pfizer Inc.
The world’s biggest drugmaker by sales reported a 9 percent rise in second-quarter profit, trouncing expectations as revenue jumped 58 percent due to favorable currency rates and its mega-acquisition of fellow drugmaker Wyeth in October.
The maker of cholesterol blockbuster Lipitor and impotence pill Viagra said net income for the three months ended July 4 rose to $2.48 billion, or 31 cents per share. A year ago, income was $2.26 billion, or 34 cents a share. Revenue rose to $17.33 billion, from $10.98 billion last year.
CBS Corp.
The broadcasting giant said its second-quarter profit surged, thanks to a rebound in local advertising spending, which is climbing back toward normal levels as the recession fades.
CBS’s net income was nearly 10 times the level a year ago as cost-cutting helped profit and revenue rose 11 percent. Earnings beat expectations.
Net income in the three months to June 30 hit $150.1 million, or 22 cents per share, up from $15.4 million, or 2 cents per share, a year ago. Revenue rose to $3.33 billion.
