Altria Group (NYSE:MO) rose marginally in premarket trading after the company reported in-line earnings and revenue for the fiscal Q1.
The company posted Q1 earnings per share (EPS) of $1.15, meeting the consensus estimate of $1.15. Revenue for the quarter came in at $4.72, also in line with expectations.
For fiscal year 2024, Altria Group anticipates an EPS range of $5.05 to $5.17, compared to a consensus estimate of $5.08.
“We made meaningful progress in pursuit of our Vision, and our highly profitable traditional tobacco businesses continued to perform well in a challenging environment,” said Billy Gifford, Altria’s CEO.
“In spite of the absence of an effective regulatory environment, we saw continued early momentum from NJOY and believe our businesses are on track to deliver against full-year plans.”