October 4, 2018 / 11:45 AM / in 13 days

Corona beer maker Constellation's quarterly sales top estimates

Oct 4 (Reuters) - Constellation Brands Inc reported second-quarter sales above Wall Street estimates on Thursday, driven by demand for its Corona and Modelo beers during the summer.

Net income attributable to the company rose to $1.15 billion, or $5.87 per share, in the three months ended Aug. 31, from $501.6 million, or $2.49 per share, a year earlier.

Net sales rose 10.1 percent to $2.30 billion, beating analysts’ average estimate of $2.25 billion, according to Thomson Reuters I/B/E/S. (Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below