Investing.com – Altria (NYSE 🙂 announced Thursday that the fourth quarter beat analyst forecasts with revenue surpassing expectations.

Altria posted earnings per share (EPS) of $1.09 on $5.09B in revenue. Investing.com polled analyst to predict EPS of $1.08 based on $5.01B in revenue.

Altria shares have fallen 3% since the start of the year. However, they are still 5.93% below their 52-week high of $52.59 on March 26, 2021. The shares are outperforming their peers, which has fallen 13.16% since the beginning of the year.

Altria shares increased by 0.40% during pre-market trade after the report.

Altria’s earnings are in line with other Consumer Staples sectors this month

Altria’s report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.

Estee Lauder beat all expectations with first quarter earnings per share of $1.89 (revenue $4.39B), compared to the forecast of EPS at $1.7 for revenue $4.25B.

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