Altria Earnings Beat, Revenue Misses In Q1 -Breaking
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© Reuters. Altria Earnings Beat, Revenue Misses In Q1Investing.com – Altria (NYSE 🙂 announced Thursday that the first quarter ended with revenue that was below analysts’ expectations and beat forecasts.
Altria posted earnings per share (EPS) of $1.12 on revenues of $4.82B. Investing.com polled analysts and predicted an EPS of $1.09 for revenue of $4.88B.
Altria shares fell 4% over the first of the year. However, they are still down 3.733% from their 52-week peak of $57.05 which was set on April 21. They are outperforming the S&P 500 which is down 12.22% from the start of the year.
Altria shares were down 1.69% in premarket trade after the report.
Altria is following other Consumer Staples major earnings this month
Altria’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola’s first quarter earnings per share (EPS) of $0.64 was achieved on revenues of $10.49B. That compares with the forecast of $0.5792 for $9.83B revenue.
You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar
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