Constellation Brands Q2 Adj $4.32 Beats $4.08 Estimate, Sales $2.92B Beat $2.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands reported Q2 earnings of $4.32 per share, surpassing the $4.08 estimate, and sales of $2.92 billion, exceeding the $2.90 billion estimate. This marks a significant year-over-year growth in both earnings and sales.
October 03, 2024 | 11:37 am
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Constellation Brands reported better-than-expected Q2 earnings and sales, with a 5.88% beat on EPS and a 0.66% beat on sales estimates. Year-over-year growth was also strong.
The company's earnings per share and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year growth further supports a positive outlook for the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100