Upbeat Earnings Send Constellation Brands Higher

A better than expected first quarter is fueling gains for Constellation Brands ( STZ ) on Thursday. The spirits maker said it earned $1.54 a share on revenue that climbed 14.8% to $.187 billion. Analysts were expecting earnings of $1.52 a share on revenue of $1.83 billion. Constellation also reaffirmed its full year guidance for earnings per share between $6.05 and $6.35, compared to the $6.27 consensus estimate. Read More »