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US. Boston Beer Q3 beats Street view

* Q3 shr $1.19 vs est $1.10
* Q3 rev $134.8 mln vs est $131.9 mln
* Raises FY11 EPS outlook to $3.60-$3.90/shr vs prior
$3.20-$3.60/shr

Nov 1 (Reuters) - Boston Beer Co Inc , the maker of
Samuel Adams beer, reported better-than-expected quarterly
results, helped by higher demand, and the company raised its
full-year profit forecast.
The company now sees 2011 earnings of $3.60-$3.90 a share,
up from its previous outlook of $3.20-$3.60 a share.
Analysts, on average, are expecting earnings of $3.36 per
share, according to Thomson Reuters I/B/E/S.

KEY POINTS: Q3 2011 I/B/E/S Q3 2010
Revenue $134.8 mln $131.9 mln $124.5 mln
Net income $16.3 mln -- $15.45 mln
EPS $1.19 $1.10 $1.09
Gross Margin 56 pct 56 pct

MARKET REACTION:
* Shares of the company rose 5 percent to $90.57 after the
bell on Tuesday on the New York Stock Exchange.

2 Nov. 2011

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