Altria Group (MO) Tops Q3 EPS by 1c; Tightens Guidance Range
Altria Group (NYSE: MO) reported Q3 EPS of $1.08, $0.01 better than the analyst estimate of $1.07. Revenue for the quarter came in at $5.29 billion versus the consensus estimate of $5.22 billion.
“Altria delivered excellent third-quarter adjusted diluted earnings per share growth of 20% and continued to return large amounts of cash to our shareholders. Our tobacco businesses are successfully executing against their strategies, while making strategic investments to drive long-term success,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “We believe our year-to-date performance positions us well to deliver on our full-year plans. As a result, we are tightening ourguidance range to $3.95 to $4.03, representing a growth rate of 16.5% to 19%.”
Altria Group sees FY2018 EPS of $3.95-$4.03, versus the consensus of $3.92.
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