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Investing.com -- On Wednesday, Altria Group (NYSE:MO), Inc. reported second-quarter adjusted earnings that exceeded analyst expectations, while narrowing its full-year guidance range. The tobacco giant’s shares rose 0.7% following the announcement.
The company posted adjusted earnings per share of $1.44 for the second quarter, surpassing the analyst estimate of $1.38. Revenue came in at $6.1 billion, above the consensus estimate of $5.2 billion but down 1.7% compared to the same period last year.
Altria narrowed its full-year 2025 adjusted earnings guidance to a range of $5.35 to $5.45 per share, raising the lower end from its previous forecast. The new guidance represents growth of 3.0% to 5.0% from $5.19 in 2024 and compares to analyst expectations of $5.38 per share.
"In the second quarter, we continued the pursuit of our Vision while maintaining our strong and profitable core businesses," said Billy Gifford, Altria’s Chief Executive Officer. "In oral tobacco, on! delivered strong performance and was the substantial driver of the segment’s growth in the quarter."
Altria’s guidance accounts for various factors, including the impact of increased tariffs on costs, limited impact from enforcement efforts against illicit products, and the assumption that ACE will not return to the marketplace this year. The company also expects EPS growth to moderate as it laps the lower share count from its 2024 accelerated share repurchase program completion.
The company maintains its expectation for a 2025 adjusted effective tax rate between 23% and 24%, with capital expenditures projected between $175 million and $225 million.