Market Currents

• Thursday, October 1, 2009

• 09:00 AM Premarket gainers: TER +7%. STZ +6%. CTIC +4%.
  Losers: DNN -9%. ETP -4%. Comment!
• 08:22 AM Constellation Brands (STZ): Q2 EPS of $0.54 beats by $0.13. Revenue of $877M (-8.3%) vs. $834M. Reaffirms full-year guidance. "The macroeconomic environment remains challenging but we are beginning to see some signs of stabilization." Shares +8.4% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: MXB, STZ Comment!

• Wednesday, July 1, 2009

• 07:38 AM Constellation Brands (STZ): Q1 EPS of $0.33 beats by $0.01. Revenue of $792M (-15%) vs. $781M. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: GIS, STZ 3 Comments

• Wednesday, April 8, 2009

• 07:50 AM Constellation Brands (STZ): FQ4 EPS of $0.21 misses by $0.01. Revenue of $735M (-16.9%) vs. $791M. "Beginning in the first quarter of fiscal 2010, STZ will implement operational changes to simplify the business, increase efficiencies and reduce its cost structure on a global basis." Expects savings of $25M in 2010 and $50M by 2011. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: FDO, RPM, SGR, STZ
    Comment!

• Monday, January 12, 2009

• 09:08 AM Constellation Brands (STZ) sells its value spirits business for $334M, to increase its focus on higher-margin mid-premium spirits brands. Apparently, STZ thinks it can continue to trumpet high-end wine despite a cost-conscious consumer. Comment!

• Wednesday, January 7, 2009

• 15:52 PM Constellation Brands (STZ -6.7%) may have been a culprit in its own undoing, Barron's Bob O'Brien writes after STZ trimmed its full-year outlook this morning. STZ chose the wrong time to buy high-end wines and offload some of its bargain brands, he says. Comment!
• 08:06 AM Constellation Brands (STZ): Q3 EPS of $0.60 beats by $0.01. Revenue of $1.03B (-5.8%) vs. $1.13B. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: FDO, MON, STZ, SVU Comment!

• Thursday, October 2, 2008

• 07:38 AM Constellation Brands (STZ): Q2 EPS of $0.45 beats by $0.01. Revenue of $1.24B vs. $965M. [PR] Comment!
• 00:05 AM Notable earnings before Thursday's open: MAR, STZ Comment!

• Sunday, July 6, 2008

• 10:50 AM Shares of Constellation Brands (STZ) look cheap compared to its peers, especially after last week's strong earnings report, Barron's says. Comment!

• Tuesday, July 1, 2008

• 08:46 AM Constellation Brands (STZ +0.7%): FQ1 EPS of $0.34 beats by $0.03. Revenue of $932M vs. consensus of $906M. Sees full-year sales growth in the high single-digits. [PR] Comment!

• Wednesday, May 28, 2008

• 14:15 PM Will U.S. dollar weakness lead to U.S. icons being snapped up on the cheap? (BUD, SKS, HSY, WFMI, ETFC, STZ, S, LEAP, X, AA, LAMR) Comment!