Altria Group, Inc. (MO) Reports In-Line Q1 EPS; Reaffirms Outlook
Altria Group, Inc. (NYSE: MO) reported Q1 EPS of $0.57, in-line with the analyst estimate of $0.57. Revenue for the quarter came in at $5.52 billion versus the consensus estimate of $5.53 billion.
Altria Group, Inc. sees FY2014 EPS of $2.52-$2.59, versus the consensus of $2.56.
“During the first quarter, Altria grew adjusted diluted EPS by 5.6% behind the strength of our core tobacco businesses and their leading premium brands,” said Marty Barrington, Chairman and Chief Executive Officer of Altria. “Our smokeable and smokeless products segments grew their adjusted operating companies income and expanded margins.”
“We also continued to make disciplined investments to grow new income streams with innovative products,” said Mr. Barrington. “In e-vapor, Nu Mark will begin its national launch of MarkTen in June. Nu Mark also closed the Green Smoke acquisition earlier this month.”
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