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Constellation Brands earnings fall on Canopy Growth losses

Constellation Brands earnings fall on Canopy Growth losses

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Constellation Brands Inc. STZ, +0.02% said Wednesday its second-quarter earnings fell to $1.5 million, or a penny a share, from $512.1 million, or $2.62 a share in the year-ago period. Excluding losses from its ownership stake in Canadian cannabis company Canopy Growth CGC, +3.48% WEED, +3.38% , the wine and spirits company earned $2.52 a share in the latest period.

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