Constellation Brands (NYSE:STZ) announced that third quarter profits increased as a result of marketing activity. The company earned $110 million, or 58 cents per share, up from $105 million, or 52 cents per share in the same period last year. Revenue increased by 9 percent to $767 million.
Shares are higher in early trading.
Alcoa (NYSE:AA) announced that it earned six cents per share during the fourth quarter, versus a loss of 4 cents in the same period during 2011, meeting expectations. Revenue decreased by two percent to $5.9 billion as aluminum prices dipped slightly. Analysts, however, had expected lower revenue of $5.6 billion. The company project an increase in global aluminum demand of seven percent in 2013 versus six percent in 2012.
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