Altria Raises Guidance
Smoke ’em if you got ’em. Altria (MO) raised guidance for the year to $4.20 to $4.25 per share. Previously, the number had been $4.15 to $4.20. Oh, yes, and net revenue for the last quarter was $17.56 billion up…
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Smoke ’em if you got ’em. Altria (MO) raised guidance for the year to $4.20 to $4.25 per share. Previously, the number had been $4.15 to $4.20.
Oh, yes, and net revenue for the last quarter was $17.56 billion up from $16.23 billion in the comparable quarter a year ago. Weak domestic sales drove net income down 21% for the first quarter, so Altria must think the rest of the year is going to be a homer.
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