Altria reports EPS in-line, revs in-line; reaffirms FY14 EPS guidance
Reports Q1 (Mar) earnings of $0.57 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.57; revenues rose 0.9% year/year to $4.01 bln, excluding excise tax, vs the $4.03 bln consensus.
- Co reaffirms guidance for FY14, sees EPS of $2.52-2.59 vs. $2.56 Capital IQ Consensus Estimate.
- "During the first quarter, Altria grew adjusted diluted EPS by 5.6% behind the strength of our core tobacco businesses and their leading premium brands," said Marty Barrington, Chairman and Chief Executive Officer of Altria. "Our smokeable and smokeless products segments grew their adjusted operating companies income and expanded margins."