LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Brown-Forman Corp. (BF.A) on Thursday reported fiscal first-quarter net income of $195 million.

The Louisville, Kentucky-based company said it had profit of 41 cents per share.

The liquor company that makes Jack Daniel's and other brands posted revenue of $951 million in the period.

Brown-Forman shares have decreased 24% since the beginning of the year. The stock has fallen 35% in the last 12 months.

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