Molson Coors (TAP) slides on profit situation

Molson Coors Brewing Co. (NYSE: TAP) shares faded 4.8% to $72.71. The company Tuesday morning posted quarterly profit that missed expectations and revenue that beat forecasts, while the beer giant also said it’s raising its dividend by 11% and prepping a $1-billion U.S. share buyback. Share volume was 319,000, besting an all-day average of 311,000