Investing.com - Constellation Brands A (NYSE:STZ) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $2.72 on revenue of $2.34B. Analysts polled by Investing.com expected EPS of $2.63 on revenue of $2.34B. That compared to EPS of $2.87 on revenue of $2.3B in the same period a year earlier. The company had reported EPS of $2.21 on revenue of $2.1B in the previous quarter.
Constellation Brands A shares gained 0.32% to trade at $194.89 in after-hours trade following the report.
Constellation Brands A shares gained 0.32% to trade at $194.89 in after-hours trade following the report.
For the year, Constellation Brands A shares are up 20.79%, outperforming the S&P 500 which is up 17.51% year to date.
Constellation Brands A follows other major Consumer/Non-Cyclical sector earnings this month
On Thursday, PepsiCo reported third quarter EPS of $1.56 on revenue of $17.19B, compared to forecasts of EPS of $1.5 on revenue of $16.93B.
Constellation Brands B earnings beat analyst's expectations on Thursday, with second quarter EPS of $2.72 on revenue of $2.34B. Investing.com analysts expected EPS of $2.62 on revenue of $2.34B
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