Investing.com – Altria reported on Thursday fourth quarter that matched analysts’ forecasts and revenue that fell short of expectations.
Altria announced earnings per share of $1.02 on revenue of $4.80B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $4.88B. That with comparison to EPS of $0.95 on revenue of $4.79B in the same period a year before. Altria had reported EPS of $1.19 on revenue of $5.41B in the previous quarter. Analysts are expecting EPS of $0.98 and revenue of $4.51B in the upcoming quarter.
Altria shares are up 0.4% from the beginning of the year and are trading at $50.11 , still down 13.42% from its 52 week high of $57.88 set on April 2, 2019. They are broadly in line with the S&P 500 which is up 0.87% year to date.
Altria follows other major Consumer/Non-Cyclical sector earnings this month
Altria’s report follows an earnings beat by Procter&Gamble on January 23, who reported EPS of $1.42 on revenue of $18.24B, compared to forecasts EPS of $1.21 on revenue of $17,147M.
Coca-Cola had matched expectations on Thursday with fourth quarter EPS of $0.44 on revenue of $9.07B, compared to forecast for EPS of $0.44 on revenue of $8.85B.
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