Why Anheuser-Busch InBev Stock Partied Today

·2-min read
Why Anheuser-Busch InBev Stock Partied Today

Beverage giant Anheuser-Busch InBev (NYSE: BUD) reported its third-quarter results this morning, and investors are cheering. As of 3:20 p.m. EDT, AB InBev shares remained up 9.2% after gaining almost 13% at the peak of the day. CEO Michel Doukeris told investors that the quarterly performance and continued momentum allowed the company to push its 2021 EBITDA growth outlook to a range of 10% to 12%, raising the low end from the previous 8%.

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