Altria Group Earnings: Lights Up Another Quarter

Altria Group Inc. (NYSE:MO) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.10%.

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Altria Group Inc. Earnings Cheat Sheet

Results: Net income increased 31.58% to $1.1 billion (55 cents per diluted share) in the quarter versus a net gain of $836 million in the year-earlier quarter.

Revenue: Rose to $4.46 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Altria Group Inc. reported adjusted net income of 55 cents per share. By that measure, the company met the mean analyst estimate of $0.55. It beat the average revenue estimate of $4.33 billion.

Quoting Management: “Altria delivered strong results and returns for its shareholders in 2012,” said Marty Barrington, Chairman and Chief Executive Officer of Altria. “Altria grew its full-year adjusted diluted earnings per share by 7.8% behind the business performance of our operating companies, complemented by higher earnings from our equity investment in SABMiller…

…Despite a continuing, challenging external environment, our tobacco operating companies’ premium brands had an excellent year as our companies continued investing in their long-term success,” said Mr. Barrington. “These companies grew their adjusted operating companies income and gained retail share in cigarettes, cigars and smokeless tobacco for the full year of 2012.”

Key Stats:

Revenue increased 38.83% from $4.47 billion in the previous quarter. Net income increased 67.43% from $657 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.53 and has not changed. For the current year, the average estimate is a profit of $2.21, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials.)