Constellation Brands tops analysts’ estimates for earnings and revenue in Q3

Constellation Brands Inc. (NYSE: STZ) said that it blew past Wall Street estimates in the fiscal third quarter on Thursday. The company reported £950 million of net income in the quarter that concluded on 30th November that translates to £4.84 per share. In comparison, its net income was capped at a sharply lower £266.10 million in the same quarter last year or £1.37 per share. Constellation Brands closed its deal to sell a part of its wine and spirits portfolio to E. & J. Gallo Winery on Thursday. The deal had an aggregate value of £598 million. Constellation Brands opened