Corona Beer is moving beyond the bottle. The brand will be boosting its presence on tap in bars and restaurants.» Read More
NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. The shares rose$. 02 or. 1 percent to $20.72. Babson Participation Investors: Approximately 600 shares changed hands, a 96.3 decrease from its 65- day average volume.
The company acquired U.S. distribution rights to the beers last year when it bought out Grupo Modelo's interest in their U.S. beer joint venture, Crown Imports LLC. Constellation raised its full-year earnings forecast to $3.10- $3.20 per share from $2.80- $3.10 per share.
Jan 8- Constellation Brands Inc's quarterly profit nearly doubled, helped by strong sales of beer, including the brands it bought from Groupo Modelo's U.S beer business. The world's biggest branded wine maker said revenue jumped 88 percent to $1.44 billion for the third quarter.
Some of the names on the move ahead of the open.
Nik Modi, managing director at RBC Capital Markets, expects Constellation to report a strong top line and margin improvements.
ADP's payroll report, the warm up act for Friday's jobs data, could drive market direction more than usual Wednesday.
Wall Street gets back to work in the coming week after a holiday hiatus, and stocks could get a lift as traders await Friday's December jobs report.
Constellation is the world's largest publically traded wine company with brands across the wine, beer and spirits categories. Rob Sands, Constellation Brands president & CEO, discusses the company's holiday advertising strategy and how they appeal to millennials.
Companies are making headlines after the bell Monday: GM, F & TXN
U.S. stocks closed higher for a second session on Monday as Wall Street weighed moves by the Fed.
Today is the 80th anniversary of the repeal of Prohibition. The Twenty-First Amendment was ratified on December 5, 1933.
Wine sales are soaring. How do investors get in on the action (besides drinking)? Todd Schoenberger raises a glass and offers up some advice.
The "Fast Money" traders share their final trades of the day.
Crown Imports hopes to grow Modelo into the same size as its popular Corona brand.
Stocks finished broadly lower Thursday, with the Dow closing below the psychologically-important 15000 mark, after gunshots were fired outside the Capitol building and as the government shutdown dragged into a third day.
Oct 3- Constellation Brands Inc, the world's biggest branded wine maker, reported higher quarterly earnings on Thursday thanks to the recent acquisition of Grupo Modelo's U.S. beer business, beating Wall Street's estimates and sending the company's shares up.
NEW YORK, Oct 3- U.S. stocks fell on Thursday amid lingering market uncertainty as a partial U.S. government shutdown continued for a third day and leaders in Congress showed no sign of progress towards resolving the stalemate. Boeing Co fell 1.9 percent to $115.60.
NEW YORK, Oct 3- U.S. stock index futures pointed to a slightly lower open on Thursday amid lingering market uncertainty as a partial U.S. government shutdown extended to a third day and leaders in Congress showed no sign of progress towards resolving the stalemate.
Oct 3- Constellation Brands Inc reported higher quarterly earnings on Thursday and the alcoholic beverage company raised its full-year outlook following the acquisition of Grupo Modelo's U.S. beer business.
Oct 3- Alcoholic beverage company Constellation Brands Inc reported higher quarterly earnings on Thursday, helped significantly by the acquisition of Grupo Modelo's U.S. beer business.