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October 04, 2013
Constellation Brands Beats Wine Weakness With Beer Sales, Modelo Deal
Constellation Brands, U.S. seller of Corona beer, Svedka Vodka and Robert Mondavi wine reported net earnings of $189 million, or 96 cents per share, on $1.46 billion in sales for the second quarter of fiscal 2014. Earnings per share were up 35 percent from a year ago and beat the consensus estimate of 88 cents.