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Wednesday, February 27, 2013

AB InBev sees weak start to year in U.S. and Brazil, (NYSE: BUD)

Anheuser-Busch InBev, the world's biggest beer maker, forecast a weak start to the year in the United States and Brazil after slightly lower earnings than expected in the final months of 2012. The producer of Budweiser and Stella Artois said on Wednesday U.S. volumes would be hit by pressure on consumer disposible income in the first quarter, while Brazil would be soft due to wet weather and an early Carnival period.

Anheuser Busch Inbev SA is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands. Shares of BUD fell by 0.13% or $-0.12/share to $91.80. In the past year, the shares have traded as low as $64.99 and as high as $94.49. On average, 1556480 shares of BUD exchange hands on a given day and today's volume is recorded at 1884037.