Investing.com - Constellation Brands A (NYSE:STZ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Constellation Brands A announced earnings per share of $2.66 on revenue of $2.36B. Analysts polled by Investing.com anticipated EPS of $2.55 on revenue of $2.16B.
Constellation Brands A shares are down 2.92% from the beginning of the year, still down 6.84% from its 52 week high of $261.52 set on April 21. They are outperforming the S&P 500 which is down 19.88% from the start of the year.
Constellation Brands A shares lost 0.57% in pre-market trade following the report.
Constellation Brands A follows other major Consumer Staples sector earnings this month
Constellation Brands A's report follows an earnings beat by General Mills on Wednesday, who reported EPS of $1.12 on revenue of $4.89B, compared to forecasts EPS of $1.01 on revenue of $4.8B.
Alimentation Couchen A had beat expectations on Tuesday with fourth quarter EPS of $0.55 on revenue of $16.43B, compared to forecast for EPS of $0.5112 on revenue of $15.43B.
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