(Reuters) – Corona beer maker Constellation Manufacturers on Wednesday beat Wall Avenue estimates for first-quarter revenue, helped by sturdy demand for its core beer manufacturers, which offset the sluggish wines and spirits enterprise.Shares of the Victor, New York-based firm, which maintained its annual forecasts, had been up almost 3% in premarket buying and selling.The corporate has seen persistent demand for its core beer manufacturers, together with Modelo Especial and Pacifico, though its wines and spirits enterprise, together with the broader client trade, noticed a slowdown in the US.Constellation’s beer enterprise, a significant income contributor, noticed a 6.4% depletion in quantity development – the speed at which merchandise are offered – in contrast with a 5.5% development final 12 months.Advantages from aggressive value hikes over the previous quarters, decrease advertising bills, and gross sales development have helped the corporate cushion the blow from lingering uncooked materials and packaging prices.Constellation’s working margin in its beer enterprise rose 260 foundation factors to 40.6%.The corporate reported a comparable revenue of $3.57 per share for the quarter ended Could 31, beating analysts’ estimates of $3.46 per share, as per LSEG knowledge.It posted web gross sales of $2.66 billion, barely beneath estimates of $2.67 billion, owing to tepid demand for its premium wines and spirits.(Reporting by Anuja Bharat Mistry in Bengaluru; Enhancing by Tasim Zahid and Shailesh Kuber)