Investing.com - Altria (NYSE:MO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Altria announced earnings per share of $1.09 on revenue of $5.05B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $4.62B. That with comparison to EPS of $0.9 on revenue of $4.39B in the same period a year before.Altria had reported EPS of $1.02 on revenue of $4.8B in the previous quarter.Analysts are expecting EPS of $1.11 and revenue of $5.21B in the upcoming quarter.
Altria shares are down 13% from the beginning of the year and are trading at $40.47 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.4% year to date.
Altria follows other major Consumer/Non-Cyclical sector earnings this month
Altria's report follows an earnings beat by Procter&Gamble on Friday, April 17, 2020, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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