By Connor Hart

Constellation Brands will sell some of its lower-priced wine brands and undertake an organizational restructuring, moves that come as the alcohol company forecast slower growth for its beer brands in the coming years. The sale, terms of which weren't disclosed, includes the brands Woodbridge and Robert Mondavi Private Selection, as well as related vineyards and facilities. The sale came as Constellation posted higher sales in its recent quarter, though it signaled some weakness in its beer business. Shares fall 3.8%, to $176.51, in after-hours trading.

Amtech Systems cut its outlook, citing weaker demand in its semiconductor fabrication solutions segment. The supplier of semiconductor equipment and materials now expects second-quarter revenue of $15 million to $16 million, down from prior guidance of $21 million to $23 million. Analysts polled by FactSet forecast revenue of $22 million. Chief Executive Bob Daigle said the company will continue exploring ways to cut costs and improve efficiencies. Shares sink 7.3%, to $3.95, in post-market trading.

Easterly Government Properties cut its dividend to 18 cents from 26.5 cents. The lower payout, equal to 72 cents a year, represents an annual yield of about 7.6% based on Wednesday's closing price of $9.52 and will be paid May 17 to shareholders of record as of May 5. The real-estate investment trust said its dividend will become 45 cents a share following a 1-for-2.5 reverse stock split, expected to take effect on April 28. Shares slide 3.3%, to $9.21, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 09, 2025 19:05 ET (23:05 GMT)

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