Altria Reports 2020 Fourth-Quarter and Full-Year Results; Provides 2021 Full-Year Earnings Guidance; Announces New $2 Billion Share Repurchase Program

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Go back to Altria Reports 2020 Fourth-Quarter and Full-Year Results; Provides 2021 Full-Year Earnings Guidance; Announces New $2 Billion Share Repurchase Program

Altria Group (MO) Tops Q4 EPS by 1c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus

January 28, 2021 7:03 AM EST

Altria Group (NYSE: MO) reported Q4 EPS of $1.02, $0.01 better than the analyst estimate of $1.01. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $4.98 billion.

Altria delivered outstanding results in 2020 and managed through the challenges presented by the COVID-19 pandemic, said Billy Gifford, Altrias Chief Executive Officer. Our tobacco businesses were resilient and we made steady progress toward our 10-year Vision to responsibly transition adult smokers to a noncombustible future.

Our plans for the year ahead include accelerating investments in support of our 10-year Vision, which we expect to fund through... More