Constellation Brands revenue rises on higher beer sales
Jan 8 (Reuters) - Alcoholic beverage maker Constellation Brands Inc reported a 7 percent rise in quarterly revenue, helped by higher sales of its beer brands such as Corona and Modelo.
The company's net income rose to $222 million, or $1.10 per share, in the third quarter ended Nov. 30 from $211 million, or $1.07 per share, a year earlier.
Excluding items, Constellation earned $1.23 per share.
Net sales rose to $1.54 billion from $1.44 billion.
The company said net sales in its beer segment rose 16 percent.
(Reporting by Nayan Das in Bengaluru; Editing by Kirti Pandey)
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