Investing.com - Constellation Brands A (NYSE:STZ) reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $2.21 on revenue of $2.1B. Analysts polled by Investing.com forecast EPS of $2.09 on revenue of $2.06B. That compared to EPS of $2.2 on revenue of $2.05B in the same period a year earlier. The company had reported EPS of $1.84 on revenue of $1.8B in the previous quarter.
Constellation Brands A shares lost 0.09% to trade at $196.94 in after-hours trade following the report.
For the year, Constellation Brands A shares are up 22.57%, outperforming the S&P 500 which is up 18.76% year to date.
Constellation Brands A follows other major Consumer/Non-Cyclical sector earnings this month
On Friday, Constellation Brands B reported first quarter EPS of $2.21 on revenue of $2.1B, compared to forecasts of EPS of $2.09 on revenue of $2.06B.
General Mills earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $0.83 on revenue of $4.16B. Investing.com analysts expected EPS of $0.77 on revenue of $4.24B
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