Investing.com - Altria (NYSE:MO) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Altria announced earnings per share of $1.09 on revenue of $5.09B. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $5.01B.
Altria shares are down 3% from the beginning of the year, still down 5.93% from its 52 week high of $52.59 set on March 26, 2021. They are outperforming the Nasdaq 100 which is down 13.16% from the start of the year.
Altria shares gained 0.40% in pre-market trade following the report.
Altria follows other major Consumer Staples sector earnings this month
Altria's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Estee Lauder had beat expectations on November 2, 2021 with first quarter EPS of $1.89 on revenue of $4.39B, compared to forecast for EPS of $1.7 on revenue of $4.25B.
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