Anheuser-Busch InBev ADR BUD stock fell 0.3% in morning trades after the beer giant beat its earnings target but fell short of its revenue mark. Anheuser-Busch InBev said its fourth-quarter profit rose to $1.74 billion, or 98 cents a share, from $1.48 billion, or 90 cents a share, in the year-ago quarter. The company beat the fourth-quarter earnings estimate of 80 cents a share in a survey of analysts by FactSet. Anheuser-Busch InBev’s revenue rose 10% to $14.67 billion, but missed the analyst estimate of just under $15.28 billion. Looking ahead, the company expects earnings before interest, taxes, depreciation and amortization (Ebitda) to grow 4% to 8% in 2023 and revenue to increase more than Ebitda, “from a healthy combination of volume and price.” Currently, analysts expect Anheuser-Busch InBev revenue to increase by 7% in 2023 to $62.09 billion from $57.79 billion in 2022.
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