VICTOR, N.Y. (AP) — Constellation Brands Inc. (STZ) on Thursday reported fiscal fourth-quarter net income of $382.9 million.

On a per-share basis, the Victor, New York-based company said it had profit of $1.95. Earnings, adjusted for non-recurring gains, came to $1.82 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The wine, liquor and beer company posted revenue of $2.12 billion in the period. Its adjusted revenue was $1.95 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.85 billion.

For the year, the company reported net income of $2 billion, or $10.23 per share, swinging to a profit in the period. Revenue was reported as $8.61 billion.

Constellation Brands expects full-year earnings to be $6.90 to $7.20 per share.

Constellation Brands shares have increased slightly more than 7% since the beginning of the year, while the S&P's 500 index has increased roughly 9%. The stock has increased 57% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on STZ at

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