Investing.com - Constellation Brands A (NYSE:STZ) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.37 on revenue of $1.97B. Analysts polled by Investing.com expected EPS of $2.06 on revenue of $1.9B. That compared to EPS of $2.19 on revenue of $1.80B in the same period a year earlier. The company had reported EPS of $2.87 on revenue of $2.3B in the previous quarter.
Constellation Brands A shares gained 0.18% to trade at $151.21 in after-hours trade following the report.
Constellation Brands A shares gained 0.18% to trade at $151.21 in after-hours trade following the report.
For the year, Constellation Brands A shares are down 6.14%, under-performing the S&P 500 which is up 4.75% year to date.
Constellation Brands A follows other major Consumer/Non-Cyclical sector earnings this month
On Wednesday, Constellation Brands B reported third quarter EPS of $2.37 on revenue of $1.97B, compared to forecasts of EPS of $2.06 on revenue of $1.9B.
General Mills earnings beat analyst's expectations on Wednesday, December 19, 2018, with second quarter EPS of $0.85 on revenue of $4.41B. Investing.com analysts expected EPS of $0.81 on revenue of $4.51B
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