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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO
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