Altria Earnings, Revenue Beat in Q1

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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 , still down 26.40% from its 52 week high of $54.99 set on April 30, 2019. They are under-performing the S&P 500 which is down 9.4% year to date.

Altria’s report follows an earnings beat by Procter&Gamble on April 17, 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 April 21 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.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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