Constellation Brands has reason to celebrate

Constellation Brands, Inc. (NYSE: STZ) manufactures a variety of alcoholic beverages for several prominent brands and has reason to celebrate a surprisingly good earnings report today. The firm's EPS of $.54 was much higher than the $.41 analysts expected.

According to the company, much of the excess profitability was due to lower restructuring costs this quarter. Overall sales were down partially due to a stronger dollar and a trend amongst the drinking public to purchase lower priced products.

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Constellation Brands has reason to celebrate originally appeared on BloggingStocks on Thu, 01 Oct 2009 17:40:00 EST. Please see our terms for use of feeds.

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