Altria Updates 2023 Full-Year Earnings Guidance; Now Sees FY23 EPS $4.89-$5.03 Vs $5.05 Est.;
Portfolio Pulse from Happy Mohamed
Altria Group has completed its acquisition of NJOY Holdings and updated its 2023 full-year earnings guidance to $4.89-$5.03 EPS, down from the previous estimate of $5.05. The company plans to invest in the US commercialization of NJOY ACE, the only pod-based e-vapor product with FDA marketing authorization.
June 01, 2023 | 12:53 pm
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Altria's acquisition of NJOY and updated 2023 EPS guidance may impact the company's stock price in the short term.
Altria's acquisition of NJOY and the updated 2023 EPS guidance may have mixed effects on the stock price. While the acquisition expands Altria's product portfolio and market presence, the lowered EPS guidance may be seen as a negative signal by investors. The impact on the stock price is uncertain in the short term.
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IMPORTANCE 80
RELEVANCE 100