Jan 9 (Reuters) - Constellation Brands Inc (NYSE:STZ) STZ.N :
* CONSTELLATION BRANDS REPORTS THIRD QUARTER FISCAL 2019 RESULTS
* QTRLY REPORTED BASIS EPS OF $1.56
* QTRLY COMPARABLE BASIS EPS OF $2.37
* UPDATES FISCAL 2019 REPORTED BASIS EPS OUTLOOK TO $12.95 - $13.05
* Q3 EARNINGS PER SHARE VIEW $2.06 -- REFINITIV IBES DATA
* QTRLY REPORTED NET SALES $1,973 MILLION, UP 9 PERCENT
* UPDATES FISCAL 2019 COMPARABLE BASIS EPS OUTLOOK TO $9.20 - $9.30
* CONSTELLATION BRANDS - AFFIRMS FISCAL 2019 OPERATING CASH FLOW TARGET OF ABOUT $2.45 BILLION AND FREE CASH FLOW PROJECTION OF $1.2 - $1.3 BILLION
* SEES FY 2019 CAPITAL EXPENDITURES OF $1.15 BILLION - $1.25 BILLION
* CONSTELLATION BRANDS - FISCAL 2019 REPORTED BASIS AND COMPARABLE BASIS EPS OUTLOOK INCLUDES ADDITIONAL INTEREST EXPENSE FOR CANOPY FINANCING
* CONSTELLATION BRANDS - FISCAL 2019 REPORTED BASIS AND COMPARABLE BASIS EPS OUTLOOK EXCLUDES Q4 CANOPY EQUITY EARNINGS
* CONSTELLATION BRANDS - FOR FISCAL 2019, THE BEER BUSINESS NOW EXPECTS NET SALES GROWTH TO BE AT THE HIGH END OF THE 9 - 11% RANGE
* CONSTELLATION-ESTIMATES INTEREST EXPENSE ASSOCIATED WITH CANOPY GROWTH TRANSACTION TO ABOUT $55 MILLION BEFORE TAX WITH ABOUT $0.25 IMPACT ON FISCAL 2019 EPS
* WINE AND SPIRITS BUSINESS NOW EXPECTS NET SALES AND OPERATING INCOME TO DECLINE LOW-SINGLE DIGITS FOR FISCAL 2019
* $164 MILLION DECREASE IN FAIR VALUE OF CANOPY INVESTMENTS RECOGNIZED FOR Q3
* FY2019 EARNINGS PER SHARE VIEW $9.43 -- REFINITIV IBES DATA
* Q3 REVENUE VIEW $1.91 BILLION -- REFINITIV IBES DATA