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April 6, 2017, 7:50 a.m. EDT

Constellation earnings boosted by whiskey

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By Jennifer Booton

STZ

Constellation Brands /zigman2/quotes/207737284/composite STZ +0.53% reported stronger fourth-quarter earnings on Thursday, which it attributed to gains in high-end whiskey sales. The wine and spirits seller reported net income of $452 million, or $2.26 a share, compared with $296 million, or $1.48 a share, in the year-earlier period. Sales came in at $1.63 billion, compared with the FactSet consensus estimate of $1.59 billion. The company issued at outlook for fiscal 2018; with earnings per share of $7.65 to $7.95 and comparable-basis EPS of $7.70 to $8.

/zigman2/quotes/207737284/composite
US : U.S.: NYSE
$ 258.72
+1.37 +0.53%
Volume: 972,597
Dec. 1, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
1.24%
Market Cap
$47.48 billion
Rev. per Employee
$944,330
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