Altria Reports 2020 First-quarter Results; Core Tobacco Segments Deliver Strong OCI and Cash Flow; Withdraws Earnings Guidance Due to Uncertain COVID-19 Impacts on Diverse Business Model

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Go back to Altria Reports 2020 First-quarter Results; Core Tobacco Segments Deliver Strong OCI and Cash Flow; Withdraws Earnings Guidance Due to Uncertain COVID-19 Impacts on Diverse Business Model

Altria Group (MO) Tops Q1 EPS by 11c, Revenues Beat; Withdraws FY20 EPS Outlook, Suspends FY20-FY22 Growth Targets

April 30, 2020 7:04 AM EDT

Altria Group (NYSE: MO) reported Q1 EPS of $1.09, $0.11 better than the analyst estimate of $0.98. Revenue for the quarter came in at $6.36 billion versus the consensus estimate of $4.61 billion.

The first-quarter brought out the best in Altrias employees as we navigated the dynamic tobacco environment and the unprecedented effects of the COVID-19 pandemic, said Billy Gifford, Altrias Chief Executive Officer. Weve approached these challenges together by focusing on the health and welfare of our employees, maintaining business continuity and supporting our communities.

We had an... More