Altria tops earnings estimates for Q4, board approves $1 billion share buyback program

Altria Group Inc. MO said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share, in the year-earlier period. Excluding one-time items, the tobacco company had adjusted EPS of $1.18, just ahead of the $1.17 FactSet consensus. Revenue fell 2.3% to $6.111 billion, while FactSet was calling for $5.148 billion. The company is now expecting full-year adjusted EPS of $4.98 to $5.13, compared with a FactSet consensus of $5.04.

MO said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share, in the year-earlier period. Excluding one-time items, the tobacco company had adjusted EPS of $1.18, just ahead of the $1.17 FactSet consensus. Revenue fell 2.3% to $6.111 billion, while FactSet was calling for $5.148 billion. The company is now expecting full-year adjusted EPS of $4.98 to $5.13, compared with a FactSet consensus of $5.04.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Adani Group stocks rout deepens to $72 bln despite share sale completionMost Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite the group completing a closely watched share sale a day earlier. share sale subscribed by other corporates. retail investors stayed away from these frauds. HindenburgRes need to ask those who participated in FPO, why they paid 3200Rs for a share offer when the market price was about 2950Rs. What's the catch here?
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »