Constellation Brands Inc. (STZ,STZ-B) reported third-quarter net income of $44.1 million, compared to $83.5 million in the same quarter last year. Earnings per Class A common stock for the quarter were $0.20, compared to $0.38 in the year ago quarter.
On a comparable basis, net income for the quarter was $120.4 million or $0.54 per share, compared to $132.0 million or $0.60 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter were $987.7 million, compared to $1.03 billion in the prior year quarter. Seven analysts had consensus revenue estimate of $906.85 million for the quarter.
For fiscal 2010, On a comparable basis, earnings are still anticipated to be between $1.60 and $1.70 per share. On a reported basis, the company now expects earnings to be in the range of $0.79 - $0.89 per share, compared to prior range of $0.97 - $1.07 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $1.66 per share for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.