Thursday, 28 June 2007

UPDATE 1-Constellation Brands profit falls; affirms outlook

(Reuters) - The owner of Robert Mondavi, Vendage and Ravenswood wines
posted net income of $29.8 million, or 13 cents per share, for
the fiscal first quarter that ended May 31, compared with $85.5
million, or 36 cents per share, a year ago.




Excluding the impact of realigning its business and the
inventory actions, Constellation said it earned 21 cents per
share.


Read more at Reuters.com Market News

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