Altria Group Inc. (MO) released earnings for its first quarter that rose from the same period last year.
The company's earnings came in at $1.89 billion, or $1.00 per share. This compares with $1.40 billion, or $0.72 per share, in last year's first quarter.
Excluding items, Altria Group Inc. reported adjusted earnings of $1.80 billion or $0.95 per share for the period.
Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.5% to $6.11 billion from $6.08 billion last year.
Altria Group Inc. earnings at a glance:
-Earnings (Q1): $1.80 Bln. vs. $1.41 Bln. last year.
-EPS (Q1): $0.95 vs. $0.73 last year.
-Analysts Estimate: $0.92
-Revenue (Q1): $6.11 Bln vs. $6.08 Bln last year.
-Guidance:
Full year EPS guidance: $3.90 to $4.03
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