Why Boston Beer Stock Was Moving Higher Today

The Sam Adams parent is getting closer to returning to growth. As of 12:17 p.m. ET, the stock was up 6.1% on the news. The quarterly report was far from stellar, but considering the company's recent struggles, it was enough to please investors. Management said that demand improved during the quarter after a weak start in April, and the company also said gross margin increased 60 basis points to 46%. However, the bottom line still came up short, falling from $4.72 to $4.39, which was well below the consensus ...