-=Altria (MO) reported earnings on Thur 31 Oct 24 (b/o)

 

Altria beats by $0.03, beats on revs; reaffirms FY24 EPS guidance

• Reports Q3 (Sep) earnings of $1.38 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $1.35; revenues rose 18.6% year/year to $6.26 bln vs the $5.33 bln FactSet Consensus.
• Co reaffirms guidance for FY24, sees EPS of $5.07-5.15, excluding non-recurring items, vs. $5.10 FactSet Consensus.
• Dividends: "In August, our Board increased our regular quarterly dividend by 4.1%, marking the 59th increase in the past 55 years. Our current annualized dividend rate is $4.08 per share. We maintain our progressive dividend goal that targets mid-single digits dividend per share growth annually through 2028. Future dividend payments remain subject to the discretion of our Board."