‘BIG Tobacco’ giant Altria report better than expected profit, but for how long?

in the press


U.S. Tobacco giant Altria Group Inc. parent company of Philip Morris International Inc. reported better than expected earnings this morning. But, with a growing shift in the industry from traditional cigarettes to the e-cigarette, MO stock investors shouldn’t expect business as usual moving forward. On the earnings front, Altria posted earnings of 63 cents per share after adjusting for special items, beating Wall Street’s estimate of 62 cents per share. Revenue after adjusted for taxes came in at $4.27 billion, again beating the street’s prediction of $4.13 billion. Read full article

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Matt Thalman (24 April 2015) Altria earnings beat estimates, but e-cigarettes loom [business news]. Retrieved from http://investorplace.com/2015/04/altria-beats-street-investors-cautious-future-mo-stock/#.VTt6yVU4nTY


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