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Constellation Brands
STZ reported better-than-expected fiscal fourth-quarter earnings.
Constellation's quarterly net income surged to $157.2 million, or $0.79 per share, from $81.7 million, or $0.43 per share, in the year-ago period.
Its net sales climbed to $1.29 billion versus $696 million. However, analysts were expecting earnings of $0.76 per share on sales of $1.29 billion.
Constellation expects FY15 earnings of $3.95 to $4.15 per share.
Constellation shares gained 3.37% to $84.24 in pre-market trading.
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