Red-Hot Beverage Stock Pivots Lower on Revenue Miss

The beverage name also reported a profit beat for the fiscal second quarter Constellation Brands, Inc. (NYSE:STZ) stock is brushing off a fiscal second-quarter earnings beat, after the beverage name also reported a revenue miss. Additionally, the company reiterated its full-year profit outlook. STZ was last seen down 2.2% to trade at $250.11. Shares are testing a floor at the 40-day moving average, after their latest rally ran out of steam at $261. The security is pacing for a fourth-straight daily loss, wh ...