Constellation Brands (STZ +4.3%) posted a mixed FQ2 result this morning, missing on revenue but...

|About: Constellation Brands, Inc. (STZ)|By:, SA News Editor

Constellation Brands (STZ +4.3%) posted a mixed FQ2 result this morning, missing on revenue but easily beats its bottom line consensus. Net profit shrank 23% as results were hurt by higher tax provisions and overhead costs. Despite the mixed overall performance, the better than anticipated margins have prompted the company to raise its FY EPS estimate, now seeing $2.00 to $2.10 per share. Its previous forecast was for $1.93 to $2.03.