VICTOR, N.Y. (AP) _ Constellation Brands Inc. (STZ) on Thursday reported fiscal fourth-quarter profit of $1.24 billion.
On a per-share basis, the Victor, New York-based company said it had net income of $6.37. Earnings, adjusted for one-time gains and costs, were $1.84 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The wine, liquor and beer company posted revenue of $1.97 billion in the period. Its adjusted revenue was $1.8 billion, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.73 billion.
For the year, the company reported profit of $3.44 billion, or $17.57 per share. Revenue was reported as $8.12 billion.
Constellation Brands expects full-year earnings in the range of $8.50 to $8.80 per share.
Constellation Brands shares have climbed 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. The stock has fallen 20 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STZ at https://www.zacks.com/ap/STZ