India, Feb. 13 -- Molson Coors Beverage Company (TAP) Thursday reported net income of $287.8 million or $1.39 per share for the fourth quarter, significantly higher than $103.3 million or $0.48 per share in the same quarter a year ago, primarily due to lower other operating expenses. Earnings as well as revenue beat the Street expectations. The company's shares were more than 4 percent up in pre-market.
Other operating expense was $6 million in the latest quarter compared with $149.7 million last year.
Excluding one-time items, underlying net income rose to $268.6 million or $1.30 per share from $257.4 million or $1.19 per share last year. Analysts' average estimate was for $1.13 per share. Analysts' estimates typically exclude special it...