RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Altria Group (MO) on Thursday reported fourth-quarter net income of $1.12 billion.
The Richmond, Virginia-based company said it had net income of 66 cents per share. Earnings, adjusted for one-time gains and costs, were $1.30 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The owner of Philip Morris USA, the nation’s largest cigarette maker posted revenue of $5.85 billion in the period. Its adjusted revenue was $5.08 billion, topping Street forecasts. Three analysts surveyed by Zacks expected $5 billion.
Altria expects full-year earnings in the range of $5.56 to $5.72 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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