Altria Group (MO) Tops Q1 EPS by 11c, Revenues Beat; Withdraws FY20 EPS Outlook, Suspends FY20-FY22 Growth Targets
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Altria Reports 2020 First-quarter Results; Core Tobacco Segments Deliver Strong OCI and Cash Flow; Withdraws Earnings Guidance Due to Uncertain COVID-19 Impacts on Diverse Business Model
April 30, 2020 7:00 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Altria Group, Inc. (Altria) (NYSE: MO) today announces its 2020 first-quarter business results, including strong performance from its core tobacco segments and the withdrawal of its full-year 2020 adjusted diluted earnings per share (EPS) guidance and 2020 - 2022 adjusted diluted EPS growth objective due to COVID-19 uncertainty.
The first-quarter brought out the best in Altrias employees as we navigated the dynamic tobacco environment and the unprecedented effects of the COVID-19 pandemic, said Billy Gifford, Altrias Chief Executive Officer. Weve approached these challenges together by focusing on the health and welfare... More
