Key Takeaways North American sales helped Anheuser-Busch InBev beat analysts' estimates for quarterly earnings and revenue.The beer giant's U.S. sales were boosted by demand for Michelob Ultra and Busch Light brands.

The Budweiser brewer reported earnings that beat analysts’ expectations, boosted by higher prices and improvements in the U.S. that offset lingering weakness in China.

Beer giant Anheuser-Busch InBev on Wednesday reported forecast-beating fourth quarter profits, even as a slowdown in the Chinese beer market dragged volumes down.