Altria (MO) Cuts FY11 EPS, Cites AMR Bankruptcy Negatively Affecting PMCC

December 2, 2011 4:40 PM EST
Altria (NYSE: MO) cuts FY11 EPS guidance from $1.60-$1.66 to $1.58-$1.64, vs. the consensus of $2.04.

The company is taking a Q4 pre-tax charge of $62 million related to the William and Bullock cases. The company also cited the AMR bankruptcy negative affecting PMCC Q4.


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