Altria beats by $0.03, misses on revs; guides FY17 EPS in-line (63.79)
- Reports Q3 (Sep) earnings of $0.90 per share, $0.03 better than the Capital IQ Consensus of $0.87; revenues fell 1.8% year/year to $5.1 bln vs the $5.22 bln Capital IQ Consensus.
- Co issues in-line guidance for FY17, sees EPS of $3.26-3.32 vs. $3.27 Capital IQ Consensus Estimate.
- During the qtr, Altria repurchased 11.1 mln shares at an avg price of $67.99, for a total cost of approx $759 mln. Co had $576 mln remaining in the $4 bln share repurchase program, which it expects to complete by the end of the second quarter of 2018.