Constellation Brands Pours in Positive Financials

The beer, liquor and wine company posted strong Q3 results.

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(AP) Constellation Brands, Inc. reported fiscal third-quarter net income of $303.1 million. On a per-share basis, the Victor, New York-based company said it had profit of $1.56. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.37 per share. 

The wine, liquor and beer company posted revenue of $2.16 billion in the period, and expects full-year earnings in the range of $9.20 to $9.30 per share. The company's brands include Corona and Modelo beer, Ravenswood and Robert Mondavi wines, SVEDKA vodka and Paul Masson brandy.

The company recently made headlines when it invested $4 billion in Canopy Growth Corp., a Canadian cannabis processor.