Boston Beer Company looses its fizz

Boston Beer had bet big on hard seltzer this summer but shares have sunk after hours trading after the brewer said it overestimated demand for certain Truly seltzer brands during the second quarter. The company reported second-quarter earnings of $4.75 a share, well below Wall Street’s consensus estimate for $6.60, according to FactSet. Sales of $602.8 million…

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