Constellation Brands A Earnings miss, Revenue beats In Q2

  • Investing.com
Constellation Brands A Earnings miss, Revenue beats In Q2

Investing.com - Constellation Brands A (NYSE: STZ ) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Constellation Brands A announced earnings per share of $2.38 on revenue of $2.37B. Analysts polled by Investing.com anticipated EPS of $2.78 on revenue of $2.3B.

Constellation Brands A shares are down 2.73% from the beginning of the year and are trading at $205.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 15.7% from the start of the year.

Constellation Brands A shares lost 3.78% in pre-market trade the report.

Constellation Brands A follows other major Consumer/Non-Cyclical sector earnings this month

Constellation Brands A's report follows an earnings beat by PepsiCo on Tuesday, who reported EPS of $1.79 on revenue of $20.19B, compared to forecasts EPS of $1.73 on revenue of $19.37B.

General Mills had beat expectations on Wednesday, September 22, 2021 with first quarter EPS of $0.99 on revenue of $4.54B, compared to forecast for EPS of $0.8883 on revenue of $4.3B.

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