Investing.com - Altria (NYSE:MO) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Altria announced earnings per share of $1.09 on revenue of $5.06B. Analysts polled by Investing.com anticipated EPS of $1.06 on revenue of $5.08B.
Altria shares are down 15% from the beginning of the year and are trading at $42.13 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.27% from the start of the year.
Altria follows other major Consumer/Non-Cyclical sector earnings this month
Altria's report follows an earnings beat by Coca-Cola on Tuesday, July 21, 2020, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on Monday, July 13, 2020 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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