Altria Earnings Beat, Revenue Misses In Q1
2022.04.28 16:06
Altria Earnings Beat, Revenue Misses In Q1
Investing.com – Altria (NYSE:MO) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Altria announced earnings per share of $1.12 on revenue of $4.82B. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $4.88B.
Altria shares are down 4% from the beginning of the year, still down 3.73% from its 52 week high of $57.05 set on April 21. They are outperforming the S&P 500 which is down 12.22% from the start of the year.
Altria shares lost 1.69% in pre-market trade following the report.
Altria follows other major Consumer Staples sector earnings this month
Altria’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola had beat expectations on Monday with first quarter EPS of $0.64 on revenue of $10.49B, compared to forecast for EPS of $0.5792 on revenue of $9.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
