Altria Group (MO) Reports In-Line Q3 EPS; Reaffirms
Altria Group (NYSE: MO) reported Q3 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue net of excise taxes for the quarter came in at $4.36 billion, versus $4.16 billion reported last year.
Altria Group reaffirmed FY2015 EPS of $2.76-$2.81, versus the consensus of $2.82.
“Altria continued to deliver outstanding performance in the third quarter and for the first nine months. Once again, our businesses strengthened their market leadership, with strong income growth and solid retail share gains by the iconic Marlboro and Copenhagen brands,” said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. “We believe our year-to-date adjusted EPS growth of 11.5% positions us well to deliver on our full-year plans. In addition, we’re pleased Anheuser-Busch InBev and SABMiller continue to work together to finalize terms in advance of their possible combination. We see this transaction, and our participation in it as SABMiller’s largest shareholder, as a compelling opportunity to strengthen for our shareholders our position in the global brewing business.”
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