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Beam net profit falls on one-time loss
August 8, 2013 / 11:42 AM / in 4 years

Beam net profit falls on one-time loss

Aug 8 (Reuters) - Alcoholic drinks maker Beam Inc reported lower quarterly profit on Thursday, hurt by a one-time loss.

The company behind Jim Beam, Maker’s Mark and Knob Creek bourbons said net income was $74.3 million, or 46 cents per share, in the second quarter, down from $101.1 million, or 62 cents per share, a year earlier.

Excluding items involving the early extinguishment of debt, earnings per share rose 8 percent to 64 cents per share.

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