Altria: Q1 Earnings Snapshot

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Altria Group (MO) on Thursday reported first-quarter net income of $2.13 billion.

The Richmond, Virginia-based company said it had profit of $1.21 per share. Earnings, adjusted for pretax gains and non-recurring gains, were $1.15 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The owner of Philip Morris USA, the nation’s largest cigarette maker posted revenue of $5.58 billion in the period. Its adjusted revenue was $4.72 billion, which matched Street forecasts.

Altria expects full-year earnings in the range of $5.05 to $5.17 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MO at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up