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

Market news

30 April 2020

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

Altria (MO) reported Q1 FY 2020 earnings of $1.09 per share (versus $0.90 per share in Q1 FY 2019), beating analysts' consensus estimate of $0.99 per share.

The company's quarterly revenues amounted to $4.328 bln (+16.0% y/y), missing analysts' consensus estimate of $4.514 bln.

Altria withdrew its FY 2020 guidance due to the uncertainties related to the impact of the COVID-19 pandemic and economic recovery scenarios.

MO rose to $41.54 (+2.64%) in pre-market trading.

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