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Altria: Q1 Earnings Snapshot

April 28, 2022 GMT

RICHMOND, Va. (AP) _ Altria Group (MO) on Thursday reported first-quarter net income of $1.96 billion.

The Richmond, Virginia-based company said it had profit of $1.08 per share. Earnings, adjusted for non-recurring costs, were $1.12 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The owner of Philip Morris USA, the nation’s largest cigarette maker posted revenue of $5.89 billion in the period. Its adjusted revenue was $4.82 billion, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.8 billion.

Altria expects full-year earnings in the range of $4.79 to $4.93 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO