Altria: share buyback program alongside earnings call

(CercleFinance.com) - On the publication of its results, tobacco giant Altria - which operates the Philip Morris brand in the US, as well as Marlboro and Chesterfield - announced its intention to launch a new $1bn share buyback program.


For Q4 2023, it posted adjusted EPS of $1.18, on revenues that are down 2.2% at $5.97bn (-1.2% excluding excise taxes), mainly burdened by its smokables segment.

Affichant ainsi un BPA ajusté en hausse de 2,3% à 4,95 dollars sur l'ensemble de 2023, Altria l'anticipe entre cinq et 5,15 dollars pour l'exercice qui commence, la croissance de ce BPA ajusté devant être plus importante sur le second semestre.

Altria's FY 2023 adjusted EPS therefore rose by 2.3% to $4.95. It expects between $5 and $5.15 this year, with stronger growth in H2.


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