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Campari Q1 Profit Misses Estimates

Davide Campari-Milano SpA, the maker of Wild Turkey bourbon, reported first-quarter profit that missed estimates as sales fell because of weak shipments to Italian retailers and bad weather in Germany. Earnings before interest and tax dropped 18 percent to 51.5 million euros ($66.9 million) in the three months through March 31, the company said today in a statement. The average estimate of 12 analysts was 60.1 million euros. Sales excluding the effect of acquisitions and disposals slid 9 percent. (Bloomberg)