Corona maker Constellation raises FY profit forecast after upbeat quarter
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(Reuters) - Constellation Brands Inc raised its full-year adjusted earnings forecast and beat Wall Street estimates for quarterly profit on Wednesday, driven by strong demand for its beers such as Corona Premier and Modelo Especial.Shares of the company rose 4% in premarket trading. The upbeat results and raised forecast signal that the brewer benefited from its efforts to beef up its beer portfolio through launches of variants such as Modelo Chelada Limon y Sal and Corona Refresca.The company..