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Boston Beer posts 3Q profit

BOSTON (AP) _ Boston Beer Co. (SAM) on Thursday reported third-quarter profit of $33.7 million.

On a per-share basis, the Boston-based company said it had profit of $2.78.

The brewer posted revenue of $264.1 million in the period.

Boston Beer expects full-year earnings in the range of $5.60 to $6.20 per share.

Boston Beer shares have increased roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $176.05, an increase of 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAM at https://www.zacks.com/ap/SAM


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