Categories AlphaGraphs, Earnings, Other Industries

Altria Group’s Q2 revenue tops estimates, earnings misses

Altria Group’s (NYSE: MO) Q2 earnings fell short by 1 cent from the analysts’ estimates. However, revenue topped the predictions. The company reported adjusted EPS of $1.10 on revenue of $6.62 billion. Analysts had expected Altria to earn $1.11 per share on revenue of $5.09 billion. Altria maintained the earnings outlook for 2019.

During the pre-market trading session, shares of Altria turned to negative terrirory before trading up slightly for a short period of time.

Altria Group (MO) Q2 2019 earnings results

Revenue for the second quarter ended June 30, 2019, rose 5% year-over-year due to higher net revenues in the smokeable products segment. GAAP EPS increased 8% to $1.07, while non-GAAP EPS rose 9%.

Altria reaffirmed its full-year 2019 adjusted EPS guidance of $4.15 to $4.27, representing a growth rate of 4% to 7% from an adjusted EPS base of $3.99 in 2018.

The Richmond, Virginia-based firm now estimates full-year 2019 domestic cigarette industry volume to decline in a range of 5% to 6% compared to the prior estimated decline rate of 4% to 5%. This revision was due to increased adult smoker movement to the e-vapor category.

“We’ve maintained our focus on the adult tobacco consumer and believe that with our leading premium tobacco brands, U.S. commercialization rights to IQOS, investment in JUUL and pending transaction for on!, we are best positioned among tobacco peers to lead through a dynamic time in the U.S.,” said CEO Howard Willard.

Read: Weakness in Financial Services and Healthcare segments likely to continue for Cognizant in Q2

Altria repurchased 3.7 million shares in the second quarter at an average price of $52.93 per share, for a cost of $195 million. Yesterday, Altria’s Board authorized a new $1 billion share repurchase program, which the company expects to complete by the end of 2020.

Altria stock, which plunged to a 4-year low ($42.40) in January this year, had advanced 2% since the beginning of  this year and dropped 13% in the trailing 12 months.

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Comments

  1. Pingback: Leandro Farland
  2. Pingback: Arie Baisch
  3. Pingback: Homework Help
  4. Pingback: Paper help
  5. Pingback: baby stop crying
  6. Pingback: valentine pillow
  7. Pingback: Click Here
  8. Pingback: Click Here
  9. Pingback: Click Here
  10. Pingback: Click Here
  11. Pingback: Click Here
  12. Pingback: Click Here
  13. Pingback: Click Here
  14. Pingback: Click Here
  15. Pingback: Click Here
  16. Pingback: Click Here
  17. Pingback: Click Here
  18. Pingback: Click Here
  19. Pingback: Click Here
  20. Pingback: Click Here
  21. Pingback: Click Here
  22. Pingback: Click Here
  23. Pingback: Click Here
  24. Pingback: Click Here
  25. Pingback: Click Here
  26. Pingback: spaceros
  27. Pingback: Click Here
  28. Pingback: Click Here
  29. Pingback: Click Here
  30. Pingback: Click Here
  31. Pingback: Click Here
  32. Pingback: Click Here
  33. Pingback: Click Here
  34. Pingback: Click Here
  35. Pingback: Click Here
  36. Pingback: Click Here
  37. Pingback: Click Here
  38. Pingback: Click Here
  39. Pingback: Click Here
  40. Pingback: Click Here
  41. Pingback: Click Here
  42. Pingback: Click Here
  43. Pingback: Click Here
  44. Pingback: Click Here
  45. Pingback: Click Here
  46. Pingback: Click Here
  47. Pingback: Click Here
  48. Pingback: Click Here
  49. Pingback: Click Here
  50. Pingback: Click Here
  51. Pingback: Click Here
  52. Pingback: Click Here
  53. Pingback: Click Here
  54. Pingback: Click Here
  55. Pingback: Click Here
  56. Pingback: Click Here
  57. Pingback: Click Here
  58. Pingback: Click Here
  59. Pingback: Click Here
  60. Pingback: Click Here
  61. Pingback: Click Here
  62. Pingback: Click Here
  63. Pingback: Click Here
  64. Pingback: Click Here
  65. Pingback: Click Here
  66. Pingback: Click Here
  67. Pingback: Click Here
  68. Pingback: Click Here
  69. Pingback: Click Here
  70. Pingback: rent ad
  71. Pingback: Google reviews
  72. Pingback: 2023 Books
  73. Pingback: dead people
  74. Pingback: online memorial
  75. Pingback: IRA Empire
  76. Pingback: Chirurgie Tunisie
  77. Pingback: Higher education
  78. Pingback: Simulation Models
  79. Pingback: education system
  80. Pingback: training course
  81. Pingback: training
  82. Pingback: Political Theory
  83. Pingback: fue
  84. Pingback: MBA degree Cairo
  85. Pingback: binario led
  86. Pingback: butterfly muscu
  87. Pingback: Fiverr Earn
  88. Pingback: Fiverr Earn
  89. Pingback: Fiverr Earn
  90. Pingback: Fiverr Earn
  91. Pingback: fiverrearn.com
  92. Pingback: TLI
  93. Pingback: TMS System
  94. Pingback: clima
  95. Pingback: miniature bulldog
  96. Pingback: SEO in Kuwait
  97. Pingback: future university
  98. Pingback: future university
  99. Pingback: future university
  100. Pingback: Fiverr
  101. Pingback: future university
  102. Pingback: lean six sigma
  103. Pingback: FUE
  104. Pingback: FUE
  105. Pingback: FUE
  106. Pingback: Packing materials
  107. Pingback: FiverrEarn
  108. Pingback: FiverrEarn
  109. Pingback: FiverrEarn
  110. Pingback: FiverrEarn
  111. Pingback: FiverrEarn
  112. Pingback: FiverrEarn
  113. Pingback: FiverrEarn
  114. Pingback: Coach
  115. Pingback: partners
  116. Pingback: cortexi
  117. Pingback: FiverrEarn
  118. Pingback: FiverrEarn
  119. Pingback: FiverrEarn
  120. Pingback: FiverrEarn
  121. Pingback: FiverrEarn
  122. Pingback: FiverrEarn
  123. Pingback: FiverrEarn
  124. Pingback: pharmacy
  125. Pingback: Kuliah Termurah
  126. Pingback: FiverrEarn
  127. Pingback: FiverrEarn
  128. Pingback: neuropure scam
  129. Pingback: java burn legit
  130. Pingback: cheap sex cams
  131. Pingback: fullersears.com
  132. Pingback: fullersears.com
  133. Pingback: live sex cams
  134. Pingback: live sex cams
  135. Pingback: live sex cams
  136. Pingback: frt trigger
  137. Pingback: 늑대닷컴
  138. Pingback: Taruhan online
  139. Pingback: nang delivery
  140. Pingback: allgame
  141. Pingback: 918kiss
  142. Pingback: หวย24
  143. Pingback: pg slot
  144. Pingback: AI Lawyer
  145. Pingback: cybersécurité
  146. Pingback: upstate hotels
  147. Pingback: megagame
  148. Pingback: 25-06 ammo
  149. Pingback: 44 mag ammo
  150. Pingback: SaaS Law Firm
  151. Pingback: ItMe.Xyz
  152. Pingback: MasumINTL.Com
  153. Pingback: itme.xyz

Comments are closed.

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