| Brown-Forman reports 11 pct rise in 2Q earnings By the Associated Press LOUISVILLE, Ky. (AP) -- Liquor maker Brown-Forman Corp. says its second-quarter profit rose 11 percent on gains by its Jack Daniel's Tennessee Whiskey and Finlandia vodka brands. The company is also raising its full-year earnings projection. The Louisville-based company said Friday it earned $143.2 million, or 94 cents a share, for the three months ended Oct. 31. That's up from $129.4 million, or 83 cents a share, a year ago. It says net sales rose 5 percent to $934.7 million. It is also raising its full year earnings projection to a range of $3 to $3.20 per share. It cites an estimated 12 cent per share net gain on the expected sale of its Bolla and Fontana Candida wine brands. Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP material nor any portion thereof may be stored in a computer except for personal and non-commercial use. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
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