AB InBev Needs Megabrew Tonic as Shares Dive on Profit Miss
- Budweiser maker cuts full-year revenue forecast on slowdown
- Belgian brewer’s shares decline as much as 6% in Brussels
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Anheuser-Busch InBev NV shares plummeted as the brewer missed profit estimates for the sixth straight quarter, illustrating clearly why the Budweiser maker needed to spend $103 billion buying SABMiller Plc.
The stock fell as much as 6 percent, the most since June. The drop imperiled the company’s position as Europe’s biggest company by market value, a status it only gained this month when the takeover was completed after a yearlong process.