Company News: Altria (MO) posts Q4 results

Market news

1 February 2017

Company News: Altria (MO) posts Q4 results

Altria reported Q4 FY 2016 earnings of $0.68 per share (versus $0.67 in Q4 FY 2015), beating analysts' consensus estimate of $0.67.

The company's quarterly revenues amounted to $4.733 bln (+0.1% y/y), missing analysts' consensus estimate of $4.798 bln.

The company also issued downside guidance for FY 2017, projecting EPS of $3.26-3.32 (+7.5-9.5% y/y) versus analysts' consensus estimate of $3.34.

MO fell to $70.11 (-1.5%) in pre-market trading.

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