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Constellation Brands Inc. (NYSE:STZ) saw its net income decrease, yet revenue climbed in the latest quarterly report unveiled today. 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.
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.
Here’s how Constellation Brands traded after earnings were publicized to investors and traders:
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