HENRICO COUNTY (dpa-AFX) - Altria Group Inc. (MO) revealed earnings for its second quarter that gained ground compared to the same period last year.
The company said its bottom line climbed to $1.58 billion, or $0.81 per share. This was higher than $1.46 billion, or $0.74 per share, in last year's second quarter.
Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.4% to $6.52 billion. This was down from $6.61 billion last year.
Altria Group Inc. earnings at a glance:
-Earnings (Q2): $1.58 Bln. vs. $1.46 Bln. last year. -Earnings Growth (Y-o-Y): 8.2% -EPS (Q2): $0.81 vs. $0.74 last year. -EPS Growth (Y-o-Y): 9.5% -Analysts Estimate: $0.80 -Revenue (Q2): $6.52 Bln vs. $6.61 Bln last year. -Revenue Change (Y-o-Y): -1.4%
-Guidance: Full year EPS guidance: $3.01 - $3.07
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