Altria Group (MO) Tops Q3 EPS by 2c; Reaffirms

October 27, 2016 7:58 AM

Altria Group (NYSE: MO) reported Q3 EPS of $0.82, $0.02 better than the analyst estimate of $0.80. Revenue for the quarter came in at $6.9 billion, versus $6.7 billion reported last year.

Reaffirms outlook.

“Altria delivered excellent performance in the third quarter and for the first nine months.” said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. “Our core tobacco businesses delivered solid income growth on the strength of their leading premium brands. We also continued to simplify business processes, streamline infrastructure and invest in important growth initiatives. And with the completion of Anheuser-Busch InBev’s business combination with SABMiller, we maximized the value of our SABMiller investment and expanded and extended our share repurchase program. Going forward, we continue to have a position in the global brewing profit pool as a significant shareholder in the new combined company.”

For earnings history and earnings-related data on Altria Group (MO) click here.


Earnings Guidance Management Comments

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