Company News: Altria (MO) quarterly results beat analysts’ estimates

Market news

31 October 2019

Company News: Altria (MO) quarterly results beat analysts’ estimates

Altria (MO) reported Q3 FY 2019 earnings of $1.19 per share (versus $1.08 in Q3 FY 2018), beating analysts’ consensus estimate of $1.15.

The company’s quarterly revenues amounted to $5.412 bln (+2.3% y/y), beating analysts’ consensus estimate of $5.343 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $4.19-4.27 versus analysts’ consensus estimate of $4.19.

MO rose to $46.70 (+1.61%) in pre-market trading.

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