Constellation Brands Jumps on 4th-Quarter Results
The US global beverage company beats consensus estimates on non-GAAP earnings and revenues
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after beating consensus estimates by 12 cents with non-GAAP earnings of $1.84 per share for the final trimester of fiscal 2019. The result represented a 3.2% decline from the same quarter a year ago.
Non-GAAP earnings also soared 40% to $6.37 per share in the quarter. Revenue was $1.8 billion or 1.7% higher, beating expectations by $70 million. Revenue growth was driven by strong shipments volume of Modelo and Corona brands. The beer business segment contributed 60.6% or $1.09 billion in revenue and the wine and spirits business segment 39.4% or $707.1 million.
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https://www.gurufocus.com/news/842559/co...er-results-
The US global beverage company beats consensus estimates on non-GAAP earnings and revenues
...
after beating consensus estimates by 12 cents with non-GAAP earnings of $1.84 per share for the final trimester of fiscal 2019. The result represented a 3.2% decline from the same quarter a year ago.
Non-GAAP earnings also soared 40% to $6.37 per share in the quarter. Revenue was $1.8 billion or 1.7% higher, beating expectations by $70 million. Revenue growth was driven by strong shipments volume of Modelo and Corona brands. The beer business segment contributed 60.6% or $1.09 billion in revenue and the wine and spirits business segment 39.4% or $707.1 million.
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https://www.gurufocus.com/news/842559/co...er-results-
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