Altria Group Earnings: Lights Up Another Quarter
Altria Group Inc. (NYSE:MO) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.10%.
Altria Group Inc. Earnings Cheat Sheet
Results: Net income increased 31.58% to $1.1 billion (55 cents per diluted share) in the quarter versus a net gain of $836 million in the year-earlier quarter.
Revenue: Rose to $4.46 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Altria Group Inc. reported adjusted net income of 55 cents per share. By that measure, the company met the mean analyst estimate of $0.55. It beat the average revenue estimate of $4.33 billion.
Quoting Management: “Altria delivered strong results and returns for its shareholders in 2012,” said Marty Barrington, Chairman and Chief Executive Officer of Altria. “Altria grew its full-year adjusted diluted earnings per share by 7.8% behind the business performance of our operating companies, complemented by higher earnings from our equity investment in SABMiller…