Constellation Brands third-quarter profit rises 5 percent

Wed Jan 9, 2013 7:55am EST

(Reuters) - Constellation Brands Inc (STZ.N), the world's largest branded wine maker, reported a higher third-quarter profit as marketing initiatives drove sales.

Net income for the company, whose labels include Robert Mondavi and Ravenswood, rose to $110 million, or 58 cents per share, from $105 million, or 52 cents per share, a year earlier.

Revenue rose 9 percent to $767 million.

(Reporting by Siddharth Cavale in Bangalore)

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