Constellation Brands Inc (STZ) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $395.4 million, or $2.07 per share. This compares with $382.9 million, or $1.95 per share, in last year's fourth quarter.
Excluding items, Constellation Brands Inc reported adjusted earnings of $451.7 million or $2.37 per share for the period.
Analysts on average had expected the company to earn $2.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.1% to $2.27 billion from $2.12 billion last year.
Constellation Brands Inc earnings at a glance (GAAP) :
-Earnings (Q4): $395.4 Mln. vs. $382.9 Mln. last year.
-EPS (Q4): $2.07 vs. $1.95 last year.
-Analyst Estimate: $2.10
-Revenue (Q4): $2.27 Bln vs. $2.12 Bln last year.
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