3rdPartyFeeds

Corona Beer Maker Constellation Brands Beats Profit Forecasts, Holds Back Guidance

Constellation Brands , brewer of Corona beer, beat Wall Street's fourth-quarter earnings and revenue expectations but declined to offer guidance due to the impact of the coronavirus pandemic. Constellation Brands reported fourth-quarter net income of $398.4 million, or $2.04 a share, compared with $1.239.5 billion, or $5.87 a share, a year ago. "In this time of uncertainty, we believe we have ample liquidity and financial flexibility and remain committed to our investment grading," Chief Financial Officer Garth Hankinson said in a statement. Read More...

Constellation Brands , brewer of Corona beer, beat Wall Street’s fourth-quarter earnings and revenue expectations but declined to offer guidance due to the impact of the coronavirus pandemic. Constellation Brands reported fourth-quarter net income of $398.4 million, or $2.04 a share, compared with $1.239.5 billion, or $5.87 a share, a year ago. “In this time of uncertainty, we believe we have ample liquidity and financial flexibility and remain committed to our investment grading,” Chief Financial Officer Garth Hankinson said in a statement.

Read More

Add Comment

Click here to post a comment