{"id":715,"date":"2023-04-27T10:07:19","date_gmt":"2023-04-27T14:07:19","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/altria-delivers-strong-earnings-maintains-guidance\/"},"modified":"2023-04-27T10:07:20","modified_gmt":"2023-04-27T14:07:20","slug":"altria-delivers-strong-earnings-maintains-guidance","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=715","title":{"rendered":"Altria Delivers Strong Earnings, Maintains Guidance"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000625225\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Altria Group<span>,<\/span><br \/>\n       the maker of Marlboro cigarettes, posted a strong first-quarter earnings report and maintained its full- year guidance on Thursday.<\/p>\n<p>Altria (ticker: MO) posted adjusted earnings per share of $1.18, matching the $1.18 analysts surveyed by FactSet had penciled in. The company posted net revenue of $5.72 billion, above the $4.9 billion analysts had expected.\u00a0<\/p>\n<div class=\"paywall\">\n<p>\u201cWe are off to a strong start and believe our businesses are on track to deliver against full-year plans,\u201d said Altria CEO Billy Gifford in the earnings release. \u201cOur tobacco businesses performed well in a challenging macroeconomic environment.\u201d<\/p>\n<p>\u201cWe reaffirm our guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13,\u201d Gifford added. \u201cThis range represents an adjusted diluted EPS growth rate of 3% to 6% from a $4.84 base in 2022.\u201d<\/p>\n<p>The company continued its dedication to dividends in the first quarter, paying $1.7 billion. <\/p>\n<p>In its previous quarter, the company beat on earnings and revenue, announced a $1 billion share buyback plan, and paid dividends of $1.7 billion. <\/p>\n<p>Shares of Altria fell 0.6% to $46.40 in premarket trading Thursday.<\/p>\n<p>Write to Emily Dattilo at emily.dattilo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/altria-earnings-stock-marlboro-cigarettes-e0e7b656?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altria Group, the maker of Marlboro cigarettes, posted a strong first-quarter earnings report and maintained its full- year guidance on Thursday. Altria (ticker: MO) posted adjusted earnings per share of $1.18, matching the $1.18 analysts surveyed by FactSet had penciled in. The company posted net revenue of $5.72 billion, above the $4.9 billion analysts had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-715","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Altria Delivers Strong Earnings, Maintains Guidance | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Altria Group, the maker of Marlboro cigarettes, posted a strong first-quarter earnings report and maintained its full- year guidance on Thursday. 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