UPDATE: Constellation Brands Posts Higher Q3 Profit, Lifts FY14 Earnings Forecast
January 08, 2014 at 07:53 AM EST
Constellation Brands (NYSE: STZ ) reported a 93% rise in its third-quarter profit. Constellation's quarterly profit surged to $211 million, or $1.07 per share. Its adjusted earnings per share jumped to $1.10 per share. Its revenue climbed 88% to $1.44 billion. However, analysts were estimating earnings of $0.91 per