ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Constellation Brands Inc. (STZ) on Monday reported fiscal second-quarter earnings of $466 million.
On a per-share basis, the Rochester, New York-based company said it had profit of $2.65. Earnings, adjusted for non-recurring costs, came to $3.63 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.37 per share.
The wine, liquor and beer company posted revenue of $2.65 billion in the period. Its adjusted revenue was $2.48 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.46 billion.
Constellation Brands expects full-year earnings in the range of $11.30 to $11.60 per share.
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