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Constellation Brands, Inc. (NYSE:STZ) shares raced higher in Wednesday’s extended trading after the company released its fourth-quarter earnings report and a disappointing fiscal 2027 outlook.
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The Details: Constellation Brands, home of the Modelo and Corona beer brands, reported quarterly earnings of $1.90 per share, which beat the consensus estimate of $1.71.
Quarterly revenue came in at $1.92 billion, which beat the Street estimate of $1.86 billion and was down from $2.16 billion in the same …
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