Constellation Brands: Fiscal Q3 Earnings Snapshot
VICTOR, N.Y. (AP) — VICTOR, N.Y. (AP) — Constellation Brands Inc. (STZ) on Friday reported fiscal third-quarter earnings of $509.1 million.
The Victor, New York-based company said it had profit of $2.76 per share. Earnings, adjusted for non-recurring costs, came to $3.19 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.03 per share.
The wine, liquor and beer company posted revenue of $2.66 billion in the period. Its adjusted revenue was $2.47 billion, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $2.55 billion.
Constellation Brands expects full-year earnings to be $9.15 to $9.35 per share.
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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
