(Boursier.com) — Constellation Brands, the wine and spirits group known for its Corona beer, published disappointing revenues and a profit above expectations for its third fiscal quarter. The group lowers its annual revenue forecasts. For the closed quarter, adjusted earnings per share were $3.19 versus $3 consensus. Quarterly revenues stood at $2.47 billion versus the consensus of $2.54 billion. The group maintains guidance for annual adjusted earnings per share ranging from $12 to $12.2, but now only expects $9.15 to $9.35 billion in annual revenue, compared to $9.6 to $9.8 billion. billion before.
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