Altria Group Q2 2024 Adj. EPS $1.31 Misses $1.34 Estimate, Sales $5.277B Miss $5.392B Estimate
Portfolio Pulse from Benzinga Newsdesk
Altria Group (NYSE:MO) reported Q2 2024 adjusted EPS of $1.31, missing the analyst estimate of $1.34. Sales were $5.277 billion, also missing the estimate of $5.392 billion. Both EPS and sales figures were lower compared to the same period last year.
July 31, 2024 | 11:02 am
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NEGATIVE IMPACT
Altria Group's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $1.31 and sales at $5.277 billion. This could lead to a short-term negative impact on the stock price.
Both EPS and sales figures missed analyst estimates, which typically leads to a negative market reaction. The miss in both key financial metrics suggests potential concerns about the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100