AB InBev Stock Soars as Budweiser Maker Comfortably Tops Estimates
1. BUD exceeded earnings estimates with $0.88 EPS, beating $0.71 forecast. 2. Revenue rose by 3% year-over-year to $14.84 billion, surpassing expectations. 3. US sales increased 0.8%, aided by premiumization and revenue management initiatives. 4. Dividends proposed to rise by 22% to €1.00 per share, pending approval. 5. Despite gains, BUD shares are still down 6% over the past year.