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Constellation Brands raises profit forecast for second time
date:Jan 11, 2013
e to higher foreign tax credits helped earnings. The tax rate for the third quarter was 28 percent, down from 37 percent a year earlier.

Revenue rose 9 percent to $767 million, topping analysts' average estimate of $751.8 million.

Shares of the Victor, New York-based company, which closed at $36.06 on the New York Stock Exchange on Tuesday, were up 3.8 percent in premarket trade on Wednesday. They have risen more than 80 percent in the past year.

12/24 22:00