Categories Earnings, Industrials, LATEST

Altria Group (MO): Q4 2019 Earnings Snapshot

— Altria Group Inc. (NYSE: MO) reported Q4 2019 earnings of $1.02 per share, vs. $1.02 expected.

— Revenues fell 1.8% to $6 billion, vs. $4.8 billion expected.

Altria Group reports Q4 2019 earnings results

— Revenues in Smokeable Products decreased 2.7% due to lower shipment volume.

— Revenues in Smokeless Products increased 5.8% due to higher pricing and lower promotional investments.

— Revenues in Wine increased 2% helped by higher shipment volume.

— FY2020 adjusted EPS is expected to be $4.39-4.51.

— MO shares were down 0.22% in premarket hours on Thursday.

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