Advertisement
UK markets open in 4 hours 29 minutes
  • NIKKEI 225

    41,035.18
    +121.53 (+0.30%)
     
  • HANG SENG

    17,957.44
    -70.84 (-0.39%)
     
  • CRUDE OIL

    83.72
    -0.16 (-0.19%)
     
  • GOLD FUTURES

    2,369.40
    0.00 (0.00%)
     
  • DOW

    39,308.00
    -23.90 (-0.06%)
     
  • Bitcoin GBP

    44,583.98
    -1,556.79 (-3.37%)
     
  • CMC Crypto 200

    1,185.49
    -75.69 (-6.00%)
     
  • NASDAQ Composite

    18,188.30
    +159.54 (+0.88%)
     
  • UK FTSE All Share

    4,497.97
    +34.88 (+0.78%)
     

Altria: Q1 Earnings Snapshot

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Altria Group (MO) on Thursday reported first-quarter net income of $2.13 billion.

The Richmond, Virginia-based company said it had profit of $1.21 per share. Earnings, adjusted for pretax gains and non-recurring gains, were $1.15 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The owner of Philip Morris USA, the nation's largest cigarette maker posted revenue of $5.58 billion in the period. Its adjusted revenue was $4.72 billion, which matched Street forecasts.

ADVERTISEMENT

Altria expects full-year earnings in the range of $5.05 to $5.17 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO