Altria Sees FY23 Capital Expenditures $175M-$225M
Portfolio Pulse from Benzinga Newsdesk
Altria Group, Inc. (MO) has projected its capital expenditures for the fiscal year 2023 to be between $175 million and $225 million.
August 01, 2023 | 11:22 am
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NEUTRAL IMPACT
Altria Group's projected capital expenditures for FY23 are between $175M and $225M.
The news about Altria's capital expenditure forecast for FY23 is directly related to the company. However, without additional context such as comparison with previous years or industry averages, it's hard to determine whether this is positive or negative news. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100