Bud Light’s Demise Lifts Modelo as Constellation’s Beer Sales Soar

 Bud Light’s Demise Lifts Modelo as Constellation’s Beer Sales Soar

Constellation Brands’ earnings came ahead of Wall Street expectations, hitting $2.91 per share in the fiscal first quarter.

Constellation Brands earnings beat Wall Streets expectations as the company reported strong beer sales for the latest quarter on Friday. The stock fell anyway.The company, which sells market-leading …