MillerCoors Q3 Profit Rises - Quick Facts

(RTTNews) - MillerCoors LLC, a joint venture between Molson Coors Brewing Co. (TAP, TPX.TO) and SABMiller Plc. (SAB.L, SABMRY.PK) reported third-quarter 2014 net income attributable to the company OF $376.5 million, up from the prior year's $348.8 million.

Underlying net income was $376.7 million, compared to $363.8 million last year.

Net sales for the quarter were $2.37 billion, up from $2.36 billion in the year ago quarter. Wall Street analysts had a consensus revenue estimate of $1.16 billion for the quarter.

"Despite a tough quarter in the overall industry, MillerCoors delivered profit growth driven primarily with Above Premium brands like Redd's, Smith & Forge, Leinenkugel's Summer Shandy and Blue Moon Belgian White," said Tom Long, MillerCoors CEO.