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Altria Group Inc. Q1 adjusted earnings Miss Estimates

Altria Group Inc. (MO) announced earnings for first quarter that declined from the same period last year.

The company's bottom line totaled $1.12 billion, or $0.60 per share. This compares with $1.89 billion, or $1.00 per share, in last year's first quarter.

Excluding items, Altria Group Inc. reported adjusted earnings of $1.70 billion or $0.90 per share for the period.

Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.9% to $5.63 billion from $6.11 billion last year.

Altria Group Inc. earnings at a glance:

-Earnings (Q1): $1.70 Bln. vs. $1.80 Bln. last year.
-EPS (Q1): $0.90 vs. $0.95 last year.
-Analysts Estimate: $0.92
-Revenue (Q1): $5.63 Bln vs. $6.11 Bln last year.

Full year EPS guidance: $4.15 to $4.27

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