ST. LOUIS (AP) -- Resurgent beer sales helped lift Anheuser-Busch's profit 12 percent in the fourth quarter, but the brewer warned Thursday that rising costs could eat into earnings this year.
The maker of Budweiser and Bud Light said it earned $214 million, or 29 cents per share, in the three months ended Dec. 31, up from $191 million, or 25 cents, in the same period in 2006.
Net sales rose 8 percent to $3.7 billion after excise taxes were deducted.
Analysts polled by Thomson Financial had expected earnings per share of 32 cents.
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http://biz.yahoo.com/ap/080131/earns_anheuser_busch.html
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