Company News: Altria (MO) Q1 earnings beat analysts’ forecasts

Market news

28 April 2016

Company News: Altria (MO) Q1 earnings beat analysts’ forecasts

Altria reported Q1 FY 2016 earnings of $0.72 per share (versus $0.63 in Q1 FY 2015), beating analysts' consensus of $0.68.

The company's quarterly revenues amounted to $3.923 bln (+5.3% y/y), missing consensus estimate of $4.423 bln.

Altria reaffirmed guidance for FY 2016, projecting EPS of $3.00-3.05 (versus analysts' consensus estimate of. $3.05).

MO rose to $62.25 (+1.14%) in pre-market trading.

U.S.: GDP, q/q, Quarter I 0.5% (forecast 0.6%)

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