Altria's Earnings Top Estimates and Tobacco Company Reaffirms Full-Year Guidance

Dow Jones04-25

Altria Group Inc. said Thursday it had net income of $2.129 billion, or $1.21 a share, in the first quarter, up from $1.787 billion, or $1.00 a share, in the year-earlier period.

Adjusted for one-time items, the company had per-share earnings of $1.15, matching the FactSet consensus.

Revenue fell 2.5% to $5.576 billion from $5.719 billion a year ago, ahead of the $4.712 billion FactSet consensus.

The tobacco giant said it still expects full-year adjusted EPS of $5.05 to $5.17, up 2% to 4.5% from 2023.

“While the 2024 full-year adjusted diluted EPS guidance accounts for a range of scenarios, the external environment remains dynamic,” the company said in a statement.

It will monitor conditions related to the economy, including the impact of inflation, adult tobacco consumer (ATC) dynamics, including purchasing patterns and adoption of smoke-free products, illicit e-vapor enforcement and regulatory, litigation and legislative developments.

The stock was flat premarket and has gained 6.4% in the year to date, while the S&P 500 has gained 6.3%.

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Adjusted for one-time...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MO","symbol_name":"奥驰亚","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430405556","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430405556","pubTimestamp":1714044312,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Altria Group Inc. said Thursday it had net income of $2.129 billion, or $1.21 a share, in the first quarter, up from $1.787 billion, or $1.00 a share, in the year-earlier period. 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