Constellation Brands Inc Q1 Income Climbs

WASHINGTON (dpa-AFX) - Constellation Brands Inc (STZ-B) released a profit for its first quarter that Increases, from the same period last yearThe company's earnings came in at $653.8 million, or $3.79 per share. This compares with $516.1 million, or $2.90 per share, last year.Excluding items, Cons…

WASHINGTON (dpa-AFX) - Constellation Brands Inc (STZ-B) released a profit for its first quarter that Increases, from the same period last year

The company's earnings came in at $653.8 million, or $3.79 per share. This compares with $516.1 million, or $2.90 per share, last year.

Excluding items, Constellation Brands Inc reported adjusted earnings of $590.6 million or $3.43 per share for the period.

The company's revenue for the period fell 3.2% to $2.43 billion from $2.51 billion last year.

Constellation Brands Inc earnings at a glance (GAAP) :

-Earnings: $653.8 Mln. vs. $516.1 Mln. last year.

-EPS: $3.79 vs. $2.90 last year.

-Revenue: $2.43 Bln vs. $2.51 Bln last year.

-Guidance:

Full year EPS guidance: $ 11.20 To $ 11.90

Full year revenue guidance: $ 8.910 B To $ 9.090 B