Brown-Forman Corporation's 2QFY11 EPS Beats Goldman Sachs Estimates

Goldman Sachs reports that Brown-Forman Corporation's (NYSE: BF-B) 2QFY11 EPS of $1.05 beat its estimate of $0.99.

“BFB raised FY2011 EPS guidance to $3.18-$3.42 from $2.98-$3.38 due to more favorable forex and international gross profit growth. BFB also held its analyst meeting, which focused on the growth plan over the next 10 years,” Goldman Sachs writes.

Brown-Forman Corporation closed Thursday at $69.39.