Constellation Brands Earnings: Here’s Why Shares Are Dipping Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Constellation Brands Inc. (NYSE:STZ) saw its net income decrease, yet revenue climbed in the latest quarterly report unveiled today. Shareholders were not too impressed as shares are down 1.66%.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now.

Constellation Brands Inc. Earnings Cheat Sheet

Results: Net income increased 4.96% to $110 million (57 cents per diluted share) in the quarter versus a net gain of $104.8 million in the year-earlier quarter.

Revenue: Rose 9.46% to $767 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Constellation Brands Inc. reported adjusted net income of 57 cents per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $751.83 million.

Save time and make money with our LOWEST ADVERTISED PRICE EVER to help you achieve your financial goals in 2013. This is a LIMITED TIME OFFER, so get your Stock Picker Newsletter now!

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business