Altria: Fourth Quarter Earnings Overview

Altria Group Reports Fourth Quarter Financial Results

Altria Group, headquartered in Richmond, Virginia, announced a net profit of $1.12 billion for the fourth quarter.

The company reported earnings of 66 cents per share, while adjusted earnings, which exclude certain one-time items, reached $1.30 per share.

These adjusted earnings fell short of analysts’ expectations, as a consensus of six analysts polled by Zacks Investment Research had predicted $1.32 per share.

As the parent company of Philip Morris USA, the largest cigarette producer in the United States, Altria posted total revenue of $5.85 billion for the quarter. Adjusted revenue came in at $5.08 billion, surpassing the $5 billion estimate from three Zacks analysts.

Looking ahead, Altria forecasts its full-year earnings to be between $5.56 and $5.72 per share.