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Constellation Brands (STZ) Beats on Q3 Earnings, Ups View
Constellation Brands Inc. STZ has delivered stellar third-quarter fiscal 2020 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. With this, the company reported earnings and sales beat in the last eight consecutive quarters. Results were primarily aided by strength in the beer business and strong margins. Further, the company raised its earnings and cash flow guidance for fiscal 2020.
Q3 Highlights
Constellation Brands reported fiscal third-quarter earnings of $2.14 per share, which outpaced the Zacks Consensus Estimate of $1.85. The reported figure included Canopy Growth CGC equity loss of 25 cents. Excluding the Canopy effect, the company posted earnings of $2.39, which grew 1% from the year-ago quarter.
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https://finance.yahoo.com/news/constella...03216.html
![[Bild: STZc1dl1514.png]](https://finviz.com/publish/010820/STZc1dl1514.png)
Constellation Brands Inc. STZ has delivered stellar third-quarter fiscal 2020 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. With this, the company reported earnings and sales beat in the last eight consecutive quarters. Results were primarily aided by strength in the beer business and strong margins. Further, the company raised its earnings and cash flow guidance for fiscal 2020.
Q3 Highlights
Constellation Brands reported fiscal third-quarter earnings of $2.14 per share, which outpaced the Zacks Consensus Estimate of $1.85. The reported figure included Canopy Growth CGC equity loss of 25 cents. Excluding the Canopy effect, the company posted earnings of $2.39, which grew 1% from the year-ago quarter.
...
https://finance.yahoo.com/news/constella...03216.html
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