Constellation Brands: Fiscal Q2 Earnings Snapshot

ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Constellation Brands Inc. (STZ) on Thursday reported a loss of $1.2 billion in its fiscal second quarter.

The Rochester, New York-based company said it had a loss of $6.59 per share. Earnings, adjusted for non-recurring costs, were $4.32 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.11 per share.

The wine, liquor and beer company posted revenue of $3.14 billion in the period. Its adjusted revenue was $2.92 billion, which missed Street forecasts. Seven analysts surveyed by Zacks expected $2.95 billion.

Constellation Brands expects full-year earnings in the range of $13.60 to $13.80 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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up