NYSE:TAPBeverage
Molson Coors (NYSE:TAP): Assessing Valuation After Net Losses, Impairment Charges, and Earnings Guidance Cut
Molson Coors Beverage (NYSE:TAP) caught investor attention after announcing a quarterly net loss. The results were weighed down by substantial impairment charges tied to goodwill and intangible assets. The company also lowered its earnings guidance for the year.
See our latest analysis for Molson Coors Beverage.
Molson Coors’ share price has rebounded over 5% in the past week after hitting new lows on news of impairment charges and trimmed earnings guidance. Momentum still looks mixed, with a...