07:36 AM EDT, 08/06/2024 (MT Newswires) -- Molson Coors Beverage ( TAP/A ) reported Q2 non-GAAP underlying earnings Tuesday of $1.92 per diluted share, up from $1.78 a year earlier.

Analysts polled by Capital IQ expected $1.68.

Net sales for the quarter ended June 30 were $3.25 billion, down from $3.27 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.18 billion.

The company said it continues to expect 2024 underlying diluted earnings per share to see mid single-digit growth and net sales to see low single-digit increase compared with 2023.

Molson Coors' ( TAP/A ) shares rose 2.7% in recent Tuesday premarket activity.

Price: 52.51, Change: +1.38, Percent Change: +2.70