Why did the analysts underestimate MO earnings????? Analysts were looking for $1.23 and revenue of $18.23B.
MO did $1.40 and rev of $25.4
AP
Altria 4Q Profit Rises 29.3 Pct
Wednesday January 31, 12:06 pm ET
Altria Reports 4Q Profit Rose 29.3 Percent
NEW YORK (AP) -- Altria Group Inc., the food and tobacco conglomerate, on Wednesday said fourth-quarter profit rose 29.3 percent on the strength of acquisitions, favorable currency comparisons and pricing strength internationally.
Net income increased to $2.96 billion, or $1.40 per share, in the October-December period from $2.29 billion, or $1.09 per share, a year ago.
Revenue in the quarter rose 3.7 percent to $25.4 billion from $24.49 billion a year ago.
Analysts polled by Thomson Financial had predicted fourth-quarter net income of $1.23 a share on $18.23 billion of revenue. The earnings estimates typically exclude one-time items.
MO did $1.40 and rev of $25.4
AP
Altria 4Q Profit Rises 29.3 Pct
Wednesday January 31, 12:06 pm ET
Altria Reports 4Q Profit Rose 29.3 Percent
NEW YORK (AP) -- Altria Group Inc., the food and tobacco conglomerate, on Wednesday said fourth-quarter profit rose 29.3 percent on the strength of acquisitions, favorable currency comparisons and pricing strength internationally.
Net income increased to $2.96 billion, or $1.40 per share, in the October-December period from $2.29 billion, or $1.09 per share, a year ago.
Revenue in the quarter rose 3.7 percent to $25.4 billion from $24.49 billion a year ago.
Analysts polled by Thomson Financial had predicted fourth-quarter net income of $1.23 a share on $18.23 billion of revenue. The earnings estimates typically exclude one-time items.