- Constellation Brands (STZ) reports strong volume gains from Crown's commercial beer business. Corona Extra and Modelo Especial were the two brands with the most impressive performance.
- Profit from wine and spirits operations was higher due to lower product related costs during the period.
- The company sees mid-to-high single digit growth in its beer segment to outpace the type of gains put in recently by peers.
- FY15 EPS guidance is set at $3.95-$4.15 vs. $3.95 consensus.
- STZ +4.3% premarket
at CNBC.com (Nov 18, 2014)