date:Jan 11, 2013
Constellation Brands Inc's quarterly earnings beat Wall Street estimates as increased marketing drove up sales, prompting the world's largest branded wine company to raise its earnings forecast for the second time this financial year.
The company that makes Robert Mondavi and Ravenswood wines expects to earn between $2.10 to $2.20 per share for the year ending Feb. 4. It had previously forecast $2.00 to $2.10 per share.
Analysts on average were expecting earnings of $2.07 per share, according