iBankCoin
Joined Nov 11, 2007
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$STZ Reports a Miss, Company Raises Full Year Outlook

“Alcoholic beverage company Constellation Brands Inc reported lower-than-expected quarterly earnings on Tuesday, citing higher costs for grapes and other items.

Shares of the world’s biggest branded wine maker, whose labels include Robert Mondavi and Ravenswood, fell 2.2 percent to $52 in premarket trading even though it raised its forecast for the full fiscal year….”

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