Constellation Brands Profit Rises on Beer Sales

Constellation Brands Inc. said fourth-quarter profit rose 21 percent, higher than analysts estimated, on sales of imported beers such as Corona and Tsingtao.

Net income increased to $70.2 million, or 29 cents a share, from $58.2 million, or 24 cents, Constellation said today in a statement. The world's largest winemaker said it earned 35 cents excluding restructuring expenses, 1 cent more than estimates.

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- Posted: 2007-04-05 10:35:21

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