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Constellation Brands Inc Q2 adjusted earnings Beat Estimates

Constellation Brands Inc (STZ) released a profit for its second quarter that climbed from the same period last year.

The company's earnings came in at $1.15 billion, or $5.87 per share. This compares with $0.50 billion, or $2.49 per share, in last year's second quarter.

Excluding items, Constellation Brands Inc reported adjusted earnings of $562.2 million or $2.87 per share for the period.

Analysts had expected the company to earn $2.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.0% to $2.30 billion from $2.09 billion last year.

Constellation Brands Inc earnings at a glance:

-Earnings (Q2): $562.2 Mln. vs. $499.2 Mln. last year.
-EPS (Q2): $2.87 vs. $2.48 last year.
-Analysts Estimate: $2.60
-Revenue (Q2): $2.30 Bln vs. $2.09 Bln last year.

Full year EPS guidance: $9.60 - $9.75

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