Categories AlphaGraphs, Earnings, Industrials

Infographic: Highlights of Altria Group’s Q1 2022 earnings report

Tobacco company Altria Group, Inc. (NYSE: MO) has reported an increase in first-quarter profit despite a modest decrease in revenues. The company’s stock traded higher in the early hours of Friday’s session.

Altria Group Q1 2022 Earnings Infographic

First-quarter earnings, adjusted for special items, moved up to $1.12 per share from $1.07 per share in the comparable period of fiscal 2021. On an unadjusted basis, net profit increased to $1.95 billion or $1.08 per share from $1.42 billion or$0.77 per share last year.

Total revenues decreased 2% annually to $5.89 billion during the three-month period, reflecting continued weakness in the core tobacco business.

Check this space to read management/analysts’ comments on Altria’s Q1 2022 earnings

“We are off to a strong start to the year and believe our businesses are on track to deliver against their
full-year plans. Our tobacco businesses performed well in a challenging macroeconomic environment and we
continued to make progress toward our Vision to responsibly lead the transition of adult smokers to a smoke-free
future,” said Billy Gifford, chief executive officer of Altria.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

360 DigiTech (QFIN) Earnings: Q1 revenues rise 20%; profit declines

Online consumer finance company 360 DigiTech, Inc. (NASDAQ: QFIN) reported a decline in net income for the first quarter of 2022, despite a strong increase in revenues. First-quarter revenues increased

Kin Insurance’s strategy is focused on growing in catastrophe-exposed states: CEO Sean Harper

Kin Insurance is a leading insurance technology company specialized in high-risk residential areas. The direct-to-consumer business model and use of advanced technology allow the company to offer affordable pricing without

Infographic: Key highlights from Best Buy (BBY) Q1 2023 earnings results

Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2023 earnings results today. Enterprise revenue dropped to $10.6 billion from $11.6 billion in the year-ago period. Comparable sales were down

Add Comment
Viewing Highlight