BUZZ-Constellation Brands Inc: Q4 sales rise better-than-expected

Wed Apr 6, 2016 8:17am EDT
 
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** Alcoholic beverage maker's shares up nearly 3 pct at $155.86 premarket

** Posts better-than-expected 13.8 pct rise in Q4 sales, helped by continued demand for Corona and Modelo beer

** Considering plans for an initial public offering of part of Canadian wine business

** Says agreed to buy The Prisoner Wine Company brands for $285 mln in cash

** Forecasts 2017 EPS of $6.05-$6.35; analysts expect $6.11, according to Thomson Reuters I/B/E/S

** Up to Tuesday's close, stock had risen 28.5 pct in the past 12 months