CONSTELLATION EARNINGS DROP

Constellation Brands stock dropped more than 2 percent Tuesday after it reported a decline in profit for the first quarter.
Shares of Constellation Brands were trading midday at $51.99, down from its Monday close of $53.15.
The Victor based company earned $52.9 million, or 27 cents a share in the first quarter, compared with $72 million, or 38 cents a share, a year earlier.
Analysts expected Constellation to post sales of $675 million with earnings per share expected to come in at 40 cents.

Leave a Reply