-+ 0.00%
-+ 0.00%
-+ 0.00%
Constellation Brands: Fiscal Q2 Earnings Snapshot
Share
Listen to the news

ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Constellation Brands Inc. (STZ) on Tuesday reported fiscal second-quarter earnings of $565.8 million.

On a per-share basis, the Rochester, New York-based company said it had net income of $3.32. Earnings, adjusted for non-recurring costs, were $3.74 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share.

The wine, liquor and beer company posted revenue of $2.82 billion in the period. Its adjusted revenue was $2.63 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.57 billion.

Constellation Brands expects full-year earnings in the range of $11.20 to $11.90 per share.

_____

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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending