Altria Reports 2019 Fourth-Quarter and Full-Year Results; Provides 2020 Full-Year Earnings Guidance; Revises 2020 - 2022 Adjusted Diluted EPS Growth Objective; Revises Terms of JUUL Transaction

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Go back to Altria Reports 2019 Fourth-Quarter and Full-Year Results; Provides 2020 Full-Year Earnings Guidance; Revises 2020 - 2022 Adjusted Diluted EPS Growth Objective; Revises Terms of JUUL Transaction

Altria Group (MO) Reports In-Line Q4 EPS, Revised Terms for Investment in JUUL

January 30, 2020 7:05 AM EST

Altria Group (NYSE: MO) reported Q4 EPS of $1.02, in-line with the analyst estimate of $1.02. Revenue for the quarter came in at $0 versus the consensus estimate of $4.88 billion.

GUIDANCE:

Altria Group sees FY2020 EPS of $4.39-$4.51, versus the consensus of $4.44.

JUUL Investment

Altria recorded a fourth-quarter, non-cash pre-tax impairment charge of $4.1 billion related to its investment in JUUL. This impairment is primarily due to the increased number of legal cases pending against JUUL and the expectation that the number of legal cases against JUUL will continue... More