Altria Earnings Beat, Revenue Misses In Q2
2022.07.28 15:42
Altria Earnings Beat, Revenue Misses In Q2
Investing.com – Altria (NYSE:MO) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Altria announced earnings per share of $1.26 on revenue of $5.37B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $5.42B.
Altria shares are down 13% from the beginning of the year, still down 22.75% from its 52 week high of $57.05 set on April 21. They are outperforming the Nasdaq which is down 23.09% from the start of the year.
Altria follows other major Consumer Staples sector earnings this month
Altria’s report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of $0.7 on revenue of $11.33B, compared to forecasts EPS of $0.6693 on revenue of $10.54B.
PepsiCo had beat expectations on July 12 with second quarter EPS of $1.86 on revenue of $20.23B, compared to forecast for EPS of $1.74 on revenue of $19.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
