Shares of Anheuser Busch (BUD) are up almost 5% this morning after the company reported higher-than-expected earnings. The stock is currently trading at $44.67, up $2.04.

The company said "first-quarter net sales rose to $3.76 billion from $3.56 billion a year earlier. Total beer volume rose 10.9 percent, with volume in the company's key U.S. market rising 4.6 percent."

Sometimes it pays to be patient.