FX.co ★ Constellation Brands Inc Announces Rise In Q3 Bottom Line

Constellation Brands Inc (STZ) announced an increase in profit for the third quarter compared to the previous year. The company's net income rose to $615.9 million, equivalent to $3.39 per share, up from $509.1 million, or $2.76 per share, in the same period last year.

When excluding certain items, Constellation Brands Inc reported an adjusted earnings figure of $590.9 million, or $3.25 per share, for the quarter.

The company's revenue experienced a slight decline of 0.5%, dropping to $2.644 billion from $2.658 billion in the prior year.

Highlights from Constellation Brands Inc's third-quarter results (GAAP) include:

- Net Income: $615.9 million, compared to $509.1 million last year.

- Earnings per Share (EPS): $3.39, compared to $2.76 last year.

- Revenue: $2.644 billion, compared to $2.658 billion last year.

**Outlook:** The full-year EPS is projected to be between $13.40 and $13.80.