Brown-Forman (BF.B) slips on missing profit targets

Brown-Forman Corp. (NYSE: BF.B) shares dropped 3.2% to $92.89. The company reported increased sales of its Jack Daniel’s whiskey but missed analysts’ second-quarter profit expectations andcut its outlook on worries about a strengthening U.S. dollar. Share volume was 94,000, compared to an all-day average of 126,000