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Actionable news in STZ: CONSTELLATION BRANDS Inc,

The Stock Price of the World's Largest Liquor Maker Has Gone Haywire — Here's What We Know

Shares of Constellation Brands, Inc. (STZ) are screaming higher Thursday, hitting new all-time highs of $197.41 after the company beat on earnings per share estimates. The stock closed up 5.6% to $193.98, padding its year-to-date gains of 28%.

Constellation Brands earned $2.34 in the most recent quarter, topping analysts' estimates by 36 cents a share or nearly 20% -- talk about a strong result. On the other hand, Constellation only grew revenue by 3.7% year-over-year to $1.94 billion, which slightly missed analysts' estimates by $10 million. Investors are still shrugging off the top line results as the bottom line continues to...


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