Today, the company that owns brands including Jim Beam and Titleist, Fortune Brands Inc. (NYSE:FO), released earnings results for its fiscal 2Q. Net income fell 41% to $136 million, or $0.88 per share, from $232 million, or $1.48 million per share, a year earlier. Revenue dropped 8.6% to $2.1 billion from $2.3 billion in the year-ago period. Profit was hurt by weak economic conditions as well as a 70% increase on excise tax in its Australian sales.

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