constellation brands

The chief executive and president of Constellation Brands Inc. saw his pay package rise 25 percent in fiscal 2011 as the alcoholic drinks company became more profitable but lost its status as the world's biggest winemaker, according to a filing the company made with the Securities and Exchange Commission.

Constellation Brands Inc.'s CEO received compensation valued at almost $6.8 million in fiscal 2010 as the world's biggest winemaker adjusted to sluggish sales of alcoholic drinks in a choppy economy.

Shares of wine maker Constellation Brands Inc. tumbled Wednesday after a downgrade amid news the company was being sued by its Mexican-based partner in a joint venture.

Wine and spirits maker Constellation Brands says it moved to a fiscal second-quarter profit because of lower restructuring costs and the absence of last year's impairment charge.

Its earnings topped analysts' estimates.

Constellation Brands says its fiscal first-quarter profit slid 85 percent partly on increased restructuring charges, but adjusted results still beat Wall Street expectations.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Economics: 8:15am ET

• ADP Employment Report for June - Street expects -394K

Earnings: Constellation Brands (NYSE: STZ) - consensus EPS $0.32 General Mills (NYSE: GIS) - consensus EPS $0.80 Lindsay Corp.