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Constellation Brands Inc. (STZ) Has Jumped To A New High On Strong Q2 Results

Constellation Brands Inc. (STZ) reported second quarter EPS of $2.47 Thursday morning, up from $1.77 a year ago. Analysts expected EPS of $2.17. The company also increased its full year EPS forecast on a comparable basis to between $8.25 and $8.40, from prior expectations of $7.90 to $8.10. The consensus estimate is for EPS of $8.18.

Constellation Brands has gapped open sharply higher this morning and is now up 8.50 at $209.68. The stock has jumped to a new high for the year.

by RTTNews Staff Writer

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