Beer giant Molson Coors slides after missing on sales and saying it made accounting errors (TAP)
|02/12/2019||Posted by BusinessMediaguide.Com under General World News||
- The beer giant Molson Coors beat on fourth-quarter profits but missed on sales.
- The company said it would restate its financial statements for fiscal 2016 and 2017 after its audit committee identified some accounting errors.
- The beverage giant is bullish on cannabis and in August entered a joint venture with HEXO, a Quebec-based cannabis cultivator, to produce infused beverages for the Canadian market.
- Watch Molson Coors trade live.
Molson Coors, one of the world’s largest beer makers, dropped 4.98% to $67.80 apiece on Tuesday after the company posted lower-than-expected sales in the fourth quarter and said it made accounting errors read more >>>