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Constellation Brands: Fiscal 1Q Earnings Snapshot

June 28, 2019

VICTOR, N.Y. (AP) _ Constellation Brands Inc. (STZ.B) on Friday reported a fiscal first-quarter loss of $245.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Victor, New York-based company said it had a loss of $1.30. Earnings, adjusted for one-time gains and costs, were $2.21 per share.

The wine, liquor and beer company posted revenue of $2.28 billion in the period.

Constellation Brands expects full-year earnings in the range of $8.65 to $8.95 per share.

Constellation Brands shares have risen 14% since the beginning of the year. The stock has decreased 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STZ.B at https://www.zacks.com/ap/STZ.B

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