Constellation Brands (NYSE:STZ) traded slightly higher in premarket trading on Thursday after issuing a mixed FQ2 earnings report. Revenue was up 2.8% year-over-year for the quarter that ended on August 31 to miss the consensus estimate by $30 million.

Constellation Brands’s stock fell Thursday, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business.

Key Takeaways Constellation Brands, the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank.The maker of Modelo Especial and Corona beer posted strong overall beer sales in the quarter.

The rest of the week brings more economic data, including the always-important official employment report on Friday. The earnings calendar is light, but investors will eye Corona maker Constellation Brands,

Key Takeaways U.S. equities were mixed at midday following a report showing weekly jobless claims were more than anticipated ahead of tomorrow's release of the September employment report.Sinking wine and spirits sales slowed revenue growth at Constellation Brands.

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