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Altria: Q1 Earnings Snapshot

By AP News - Apr 25, 2024, 07:59 AM ET

Last Updated - Apr 25, 2024, 07:59 AM EDT

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Altria Group (MO) on Thursday reported first-quarter net income of $2.13 billion.

The Richmond, Virginia-based company said it had profit of $1.21 per share. Earnings, adjusted for pretax gains and non-recurring gains, were $1.15 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The owner of Philip Morris USA, the nation's largest cigarette maker posted revenue of $5.58 billion in the period. Its adjusted revenue was $4.72 billion, which matched Street forecasts.

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