Boston Beer raises 2009 profit outlook

AP News
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Posted: Dec 15, 2009 5:59 PM

Boston Beer Co., maker of Samuel Adams brand beer, raised its full-year profit outlook on Tuesday, citing operating performance and favorable commodity and energy costs.

The company now expects profit of $2.05 to $2.35 per share, up from prior guidance of $1.75 to $2.05 per share.

Analysts surveyed by Thomson Reuters expect profit of $2.06 per share.

Shares of Boston Beer Co. rose 23 cents to close at $42.65.