Constellation Brands shares are trading higher after the company reported better-than-expected Q1 results and affirmed its FY24 adjusted EPS forecast.
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands reported better-than-expected Q1 results and reaffirmed its FY24 adjusted EPS forecast, leading to a rise in its share prices.
June 30, 2023 | 11:44 am
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POSITIVE IMPACT
Constellation Brands' better-than-expected Q1 results and reaffirmed FY24 EPS forecast have led to a rise in its share prices.
Constellation Brands' strong Q1 results exceeded market expectations, which is a positive signal for investors. Additionally, the company's reaffirmation of its FY24 EPS forecast provides stability and confidence in its future performance, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100