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Constellation Brands (NYSE:STZ) reported first-quarter earnings of $2.20 per share, which beat the analyst consensus estimate of $2.06. This is unchanged from the same period last year.
The company reported quarterly sales of $2.097 billion, which beat the analyst consensus estimate of $2.06 billion. This is a 2.44% increase over sales of $2.047 billion the same period last year.
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The company sees FY2020 adjusted EPS of $8.65-$8.95 compared to the $8.57 consensus estimate.
Constellation Brands shares were trading up 6.6% at $200.63 in Friday's pre-market session. The stock has a 52-week high of $233 and a 52-week low of $150.37.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.