Constellation Brands stock sinks 11% after releasing disappointing 2019 outlook

1/9/19–Shares of Constellation Brands dropped 11 percent in premarket trading Wednesday morning. Constellation Brands said it expects to earn between $9.20 and $9.30 per share for the fiscal 2019 year, on an adjusted basis, missing analysts’ expectations of $9.43 per share. The company’s stock, which has a market value of $32.7 billion, struggled in 2018, with shares ending the year down 30 percent. Read