Altria Group Q1 2024 GAAP EPS $1.15, Inline, Sales $5.58B Beat $4.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Altria Group (NYSE:MO) reported Q1 2024 earnings of $1.15 per share, meeting analyst estimates, with sales of $5.58B surpassing the $4.71B forecast by 18.33%, marking a 17.07% increase from the previous year.
April 25, 2024 | 11:01 am
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Altria Group reported Q1 2024 earnings per share of $1.15, aligning with expectations, and sales of $5.58 billion, exceeding estimates by 18.33% and showing a 17.07% increase from the previous year.
Altria Group's earnings per share meeting expectations indicates stability, while the significant beat on sales forecasts and year-over-year growth suggests strong operational performance and market demand. This combination is likely to foster positive investor sentiment in the short term, potentially leading to an uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100