Anheuser-Busch 2Q profit rises 1.8 percent
AP , Milwaukee: Jul 23 2008
Made Popular Jul 23 2008

The nation’s largest brewer, Anheuser-Busch Cos. Inc., says its profit grew 1.8 percent in the second quarter, on higher sales of its main brands and the successful launch of Bud Light Lime.

The St. Louis-based brewer of beers such as Budweiser and Bud Light said Wednesday that net income rose to $689 million for the three months ending in June. That compares to $677 million in the same period last year. Overall revenue rose 4.1 percent to $5.3 billion from $5.1 billion.

Earnings per share came to 95 cents, up from 88 cents last year and above Wall Street’s expectations of 93 cents per share.

Anheuser-Busch agreed last week to sell itself to Belgian brewer InBev for $52 billion.

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