Corona owner Constellation Brands Inc (NYSE:STZ) has revealed a 21% increase third quarter profit.
Net income was reported at US$49.1mln, which equated to US$2.44 per share, up from US$405.9mln and US$1.98 per share in the comparative period in the preceding year.
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Wall Street had expected earnings in the order of US$1.87 per share.
Sales, meanwhile, were down marginally at US$1.8bn net from US$1.81bn whereas the quarter’s revenue was reported at US$1.98bn.
Constellation Brands is anticipating full-year earnings of between US$8.40 to US$8.50 per share.