Altria Group (MO) Tops Q3 EPS by 2c; Reaffirms
Altria Group (NYSE: MO) reported Q3 EPS of $0.90, $0.02 better than the analyst estimate of $0.88. Revenue for the quarter came in at $5.98 billion versus the consensus estimate of $5.19 billion.
Reaffirmed its guidance for 2017 full-year adjusted diluted EPS.
"Altria delivered outstanding performance in the third quarter and for the first nine months of 2017 as our core tobacco operating companies generated strong income growth," said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. "Our financial performance continues to strengthen in the second half, as we expected."
"And we continued to focus on rewarding shareholders through the first nine months, paying out more than $3.5 billion in dividends and repurchasing nearly $2.4 billion in shares. In August, Altria’s Board of Directors voted to increase our quarterly dividend per share by 8.2%."
"The business is performing well in a competitive environment, and we continue to expect full-year adjusted diluted EPS growth of 7.5% to 9.5%."
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