Categories AlphaGraphs, Consumer, Earnings

A visual dashboard of Altria Group’s (MO) Q1 2020 earnings results

Altria Group (NYSE: MO) surpassed the Street’s expectations and withdrew its fiscal 2020 adjusted EPS outlook. The company posted adjusted earnings of $1.09 per share on revenue of $6.36 billion compared to the analysts’ targeted EPS of $0.98 and revenue of $4.61 billion. Altria also pulled back its 2020 – 2022 adjusted EPS growth objective due to COVID-19 uncertainty. MO stock traded up about 2% immediately after the earnings announcement.

Altria Group (MO) Q1 2020 Earnings Infograph

Altria did not repurchase any shares of its common stock and borrowed the full $3 billion capacity available under its revolving credit facility in the first quarter.

Due to the uncertainties related to the impact of the COVID-19 pandemic and economic recovery scenarios, Altria withdrew its full-year 2020 adjusted EPS guidance of $4.39 to $4.51. Altria also withdrew its 2020 to 2022 compounded annual adjusted EPS growth objective of 4% to 7%.

Most Popular

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

Should you buy Domino’s Pizza (DPZ) stock ahead of Q3 earnings?

The fast-food industry is among the worst affected by the inflation-induced dip in consumer confidence, which is weighing on the demand for discretionary items. Domino’s Pizza, Inc.  (NYSE: DPZ) is

Infographic: Key highlights from Paychex (PAYX) Q1 2023 earnings results

Paychex Inc. (NASDAQ: PAYX) reported first quarter 2023 earnings results today. Total revenue rose 11% year-over-year to $1.20 billion. Net income grew 14% to $379.2 million, or $1.05 per share,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top