Corona beer maker Constellation Brands bets on higher pricing to lift profit view

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Constellation Brands (STZ) tops consensus expectations, raises FY24 EPS guidance

October 5, 2023 9:01 AM EDT

Constellation Brands (NYSE: STZ) shares have dipped slightly in premarket trading after the company reported earnings for its second quarter.

The beverages company reported earnings of $3.70 per share, $0.34 better than the analyst estimate of $3.36, while revenue for the quarter rose 7% YoY, coming in at $2.84... More