Pursuits
AB InBev Cuts Brazil Beer Forecast After Profit Misses Estimates
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Anheuser-Busch InBev NV, the world’s biggest brewer, reported first-quarter profit that missed analysts’ estimates and said volume in Brazil may decline this year as business falters in its second-largest market.
Earnings before interest, taxes, amortization and depreciation, excluding some items, fell to $3.43 billion, the Leuven, Belgium-based brewer of Budweiser said today in a statement. That missed the $3.57 billion median estimate of 10 analysts. The shares fell as much as 3.6 percent.