Altria Group (MO) Reports In-Line Q4 EPS, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
Altria Group (NYSE: MO) reported Q4 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $4.79 billion versus the consensus estimate of $4.81 billion.
“Altria closed out 2018 with excellent full-year adjusted diluted EPS growth, and we continued to reward shareholders by returning $5.4 billion in cash through dividends. PM USA stabilized Marlboro and strengthened our combustible business. We also took proactive steps that we believe uniquely position us for long-term success,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “Altria enters 2019 with an evolved business platform that includes our strong core tobacco businesses and new strategic investments with tremendous potential for growth.”
Altria Group sees FY2019 EPS of $4.15-$4.27, versus the consensus of $4.24.
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