Constellation Brands Shares Surge on Better-Than-Expected Earnings
Constellation Brands shares are surging after reporting better-than-expected quarterly results.
Constellation Brands
(STZ) - Get Report shares are surging Wednesday after reporting better-than-expected quarterly results. Earnings of $1.77 a share, beat estimates of $1.65. Revenue rose 17% year-over-year to $2.02 billion. Its full-year earnings guidance also topped forecasts. Over 50% of its sales stem from beer beverages.
TheStreet's Scott Gamm reports from Wall Street.
