Constellation Brands gave an earnings forecast for its new fiscal year that was well below Wall Street estimates, sending the wine maker's shares down 12 percent.
Stocks ended largely unchanged in a lackluster session Thursday as investors hesitated to jump in amid ongoing worries over the euro zone and ahead of Friday's monthly jobs report. For the week, however, all three major averages logged their worst decline this year.
Compared to the same period a year ago, financials and utility companies have taken the lead, showing EPS growth of 17 percent and 14 percent, respectively... Read More
Higher expenses may have clouded Constellation Brands’s 2013 forecast, but Timothy Ramey, vice president and senior research analyst at D.A... Read More
Bank of America Merrill Lynch issued a research note Wednesday, instituting "buy" ratings on Beam, Coca-Cola, Constellation Brands, and Pepsico, stating that U.S... Read More