5 Companies Drawing Attention Following Earnings Reports

4. Brown-Forman Corporation (NYSE:BF-B)

Number of Hedge Fund Holders: 33

Shares of Brown-Forman Corporation (NYSE:BF-B) rose nearly four percent on Wednesday, June 8, 2022, after beating profit and sales expectations for its fiscal fourth quarter. The Louisville-based spirits and wine producer reported earnings of 31 cents per share, up from 25 cents per share in the year-ago period.

Revenue came in at $996 million, representing a surge of 23 percent over the comparable period of 2021. Analysts were expecting Brown-Forman Corporation (NYSE:BF-B) to report earnings of 27 cents per share on revenue of $832 million.

Praising the results, CEO Lawson Whiting said:

“I am proud of our exceptional results, our strategic progress, and yet another year of growth despite numerous headwinds. We achieved these results due in large part to the resurgence of Jack Daniel’s Tennessee Whiskey, which experienced strong consumer demand as the on-premise channel reopened around the world.”