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Constellation Brands Inc Q4 adjusted earnings Beat Estimates

Constellation Brands Inc (STZ) released earnings for fourth quarter that fell from the same period last year.

The company's profit came in at $0.40 billion, or $2.04 per share. This compares with $1.24 billion, or $6.37 per share, in last year's fourth quarter.

Excluding items, Constellation Brands Inc reported adjusted earnings of $401.1 million or $2.06 per share for the period.

Analysts had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.6% to $1.90 billion from $1.80 billion last year.

Constellation Brands Inc earnings at a glance:

-Earnings (Q4): $401.1 Mln. vs. $358.0 Mln. last year.
-EPS (Q4): $2.06 vs. $1.84 last year.
-Analysts Estimate: $1.65
-Revenue (Q4): $1.90 Bln vs. $1.80 Bln last year.

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