Altria: Q4 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Altria Group (MO) on Thursday reported fourth-quarter net income of $2.06 billion.

The Richmond, Virginia-based company said it had profit of $1.16 per share. Earnings, adjusted for non-recurring costs, came to $1.18 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The owner of Philip Morris USA, the nation's largest cigarette maker posted revenue of $5.98 billion in the period. Its adjusted revenue was $5.02 billion, falling short of Street forecasts. Four analysts surveyed by Zacks expected $5.09 billion.

Altria expects full-year earnings in the range of $5 to $5.15 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO

Advertisement

Recommended Stories