Company News: Altria (MO) Q2 earnings beat analysts’ forecast

Market news

26 July 2018

Company News: Altria (MO) Q2 earnings beat analysts’ forecast

Altria (MO) reported Q2 FY 2018 earnings of $1.01 per share (versus $0.85 in Q2 FY 2017), beating analysts' consensus estimate of $1.00.

The company's quarterly revenues amounted to $4.879 bln (-3.7% y/y), missing analysts' consensus estimate of $5.020 bln.

The company narrowed FY2018 EPS guidance to $3.94-4.03 from $3.90-4.03 versus analysts' consensus estimate of $3.99.

MO fell to $56.15 (-2.94%) in pre-market trading.

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