Altria Group Earnings: Everything You Must Know Now

Altria Group Inc. (NYSE:MO) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.73%.

Altria Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 5.08% to $0.62 in the quarter versus EPS of $0.59 in the year-earlier quarter.

Revenue: Decreased 1.18% to $4.53 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Altria Group Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company missed the mean analyst estimate of $0.63. It missed the average revenue estimate of $4.62 billion.

Quoting Management: “Altria delivered solid financial results for the second quarter and first six months of 2013,” said Marty Barrington, Chairman and Chief Executive Officer of Altria. “The company’s diverse business model delivered adjusted diluted earnings per share growth of 5.1% for the second quarter and 7.4% for the first half of the year.”

Key Stats (on next page)…

Revenue increased 13.92% from $3.97 billion in the previous quarter. EPS increased 14.81% from $0.54 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.64 to a profit $0.63. For the current year, the average estimate has moved up from a profit of $2.39 to a profit of $2.40 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)