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 Net sales also rose 8 percent to $4.62 billion from $4.28 billion.
Analysts polled by Thomson Financial expected earnings per share of 93 cents.
Anheuser-Busch shares rose 64 cents to $52.19 in afternoon trading.
The company reported the revenue of its U.S. beer segment rose 2 percent during the third quarter, while revenue from international markets jumped 8 percent.
"Earnings contribution from our international segment accelerated, led by Grupo Modelo," President and Chief Executive August A. Busch IV said in a statement.
"Sales volume and revenue growth in our U.S. beer business benefited from our broadened beer portfolio, with greater participation in the high end segment," he said.
In September, Anheuser-Busch said it expected full-year sales and earnings growth in the second half of 2007 to exceed the company's growth target of 7 percent to 10 percent by an undisclosed amount.
Busch affirmed that projection Wednesday.
The brewer did not specify a full-year earnings target. Analysts expect full-year earnings per share of $2.81, which would be an increase of 11 percent over last year's $2.53
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On the Net:
Anheuser-Busch Cos. Inc.:
http://www.anheuser-busch.com/
[Associated Press; by Christopher
Leonard]
Copyright 2007 The Associated Press. All rights reserved. This
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redistributed. |
