Altria Lights Up EPS and Revenue Estimates, Updates Guidance (MO)

Wed. October 21, 2009; Posted: 08:59 AM

Oct 21, 2009 (SmarTrend(R) News Watch via COMTEX) -- MO | Quote | Chart | News | PowerRating -- 10/21/2009 - Altria Group (NYSE:MO) reported Q3 EPS of $0.48, ex-items, beating consensus analyst estimates of $0.47. Revenues for the quarter rose 20.3% year-over-year to $6.3 billion, coming out well ahead of consensus estimates of $4.66 billion. But after excluding a federal excise tax, revenues came to $4.32 billion during the quarter. The company narrowed its FY 2009 earnings guidance, now expecting $1.74 to $1.77 per share versus prior forecast of $1.72 to $1.77 per share. Chairman and CEO Michael Szymanczyk said, "The premium brands of AltriaaEUR(TM)s tobacco operating companies, Marlboro, Copenhagen, Skoal and Black & Mild, continue to display great strength in a challenging operating environment. Altria remains focused on returning cash to shareholders in the form of dividends, as evidenced by our recent 6.3% dividend increase, reflecting the underlying financial strength of our businesses.aEUR

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Altria Group Inc (MO) click here. Altria Group Inc (MO) has Short Term PowerRatings of 5. Details on Altria Group Inc (MO) Short Term PowerRatings is available at This Link.

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