Altria Group Inc. (MO) reported that its first-quarter net earnings attributable to the company increased to $1.38 billion or $0.69 per share, from $1.19 billion or $0.59 per share in the same quarter last year.
Adjusted earnings per share for the quarter was $0.54, up from $0.49 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter were $5.53 billion lower than $5.65 billion in the prior year quarter.
Six analysts had consensus revenue estimate of $4.04 billion for the quarter.
The company has revised its guidance for 2013 full-year reported earnings per share to a range of $2.49 to $2.55 from a range of $2.34 to $2.40 to reflect the impact of the non-participating manufacturer adjustment settlement. The forecast also reflects estimated SABMiller plc special items.
The company reaffirmed its guidance for 2013 full-year adjusted earnings per share in a range of $2.35 to $2.41, representing a growth rate of 6% to 9% from an adjusted earnings per share base of $2.21 in 2012. Analysts expect the company to report earnings of $2.39 per share for fiscal 2013.
On April 15, 2013, Philip Morris USA Inc. made its annual Master Settlement Agreement payment of approximately $3.1 billion. The payment reflected a $483 million credit that PM USA received pursuant to a settlement of the non-participating manufacturer adjustment disputes for 2003-2012 that it and other participating manufacturers reached with 18 states, the District of Columbia, and Puerto Rico.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.