Altria profit falls short, while revenue beats

Altria Inc. /zigman2/quotes/208895754/composite MO +1.94% said it had net income of $1.924 billion, or $1.03 a share, in the fourth quarter, after a loss of $1.809 billion, or $1.00 a share, in the year-earlier period. Adjusted per-share earnings came to 99 cents, below the $1.02 FactSet consensus. Revenue rose to $6.304 billion from $6.007 billion, ahead of the $5.008 billion FactSet consensus. Chief Executive Billy Gifford said the tobacco businesses were resilient during the pandemic. The company is now expecting 2021 adjusted EPS to range from $4.49 to $4.62, compared with a FactSet consensus of $4.63. The company's board has approved a new $2 billion share buyback program, which it expects to complete by June 30, 2022. Shares were up 0.6% premarket, but have fallen 16.6% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.95% has gained 14% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.85% has gained 6%.

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Altria Group Inc.

US : U.S.: NYSE

$ 45.12

+0.86 +1.94%

Volume: 11.43M

March 5, 2021 4:03p

P/E Ratio

18.81

Dividend Yield

7.62%

Market Cap

$82.27 billion

Rev. per Employee

$2.94M

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

3,841.94

+73.47 +1.95%

Volume: 3.33B

March 5, 2021 5:44p

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Dow Jones Industrial Average

US : Dow Jones Global

31,496.30

+572.16 +1.85%

Volume: 505.35M

March 5, 2021 5:44p