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0.00265031857364676 -0.00168656636504791 -0.00219521336403061 0.00449751030679447 0.00658564009209182 0.00107083578733195 -0.0129303421320342 -0.00888793703485569
Stock impact report

Constellation Brands beats Q2 estimates [MarketWatch]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: MarketWatch
Constellation Brands Inc. posted stronger-than-expected earnings for its fiscal second quarter, despite coronavirus-related headwinds, but declined to offer guidance given the uncertainty it has created. The company said it had net income of $512.1 million, or $2.62 a share, in the quarter to Aug. 31, after a loss of $525.2 million, or $2.77 a share, in the year-earlier period. The distributor of Corona beer said EPS including equity losses from its investment in Canadian cannabis company Canopy Growth Corp. came to $2.76, and excluding Canopy Growth losses came to $2.91. Sales fell 4% to $2.260 billion. The FactSet consensus was for EPS uf $2.51 and sales of $2.191 billion. Shares were slightly lower premarket, and are down 0.1% in the year to date, while the S&P 500 has gained 4%. Show less Read more
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