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million, or 41 cents a in the first quarter, more than double its earningeof $34.3 million, or 19 cents a in the same quarter of 2008, despite a steep drop in Previous-year earnings by the Denver-based brewef (NYSE: TAP), parent of Golden's Coors came before the July 1, 2008, launchn of , a joint venture of Molson Coors and that combines the two internationap beer companies' U.S. brewing Molson Coors attributed its earnings gaines to price increases andcost cutting, including reduce d incentive compensation. Molson Coors said its Q1 2009 earnings, excluding one-timew charges, were 53 cents a share. Its first-quarter revenue was $824. 2 million, down 55 percent.
Net sales were $559 down 59 percent. Analysts on average had expected earnings of 33 centds a share and revenueof $568 Thomson Reuters reported. Worldwide sales were down 2.7 the company said, including a hefty declined inGreat Britain. The company also struggled with astrongedr U.S. dollar. Seperately, MillerCoors Tuesday reported first-quarter earnings of $206 million versus "pro forma" earnings a year ago of $137 Excluding employee-relocation and retention MillerCoors said its net incomewas $216.4 .
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