MO rocks# Stock
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Altria (MO): Q2 EPS of $0.59 beats by $0.02. Revenue of $6.49B (+9.6% Y/Y)
beats by $2B.
Earnings increased 9.3% Y/Y, excluding special items. The bottom bound of
2012 full-year adjusted guidance is raised $0.02 to $2.19 (top is $2.23) -
representing a 7-9% increase in profits from 2011. The company purchased $
66M of shares in Q2 at an average price of $32.37/share, and expects to
complete a remaining $312M of buys by year end.
beats by $2B.
Earnings increased 9.3% Y/Y, excluding special items. The bottom bound of
2012 full-year adjusted guidance is raised $0.02 to $2.19 (top is $2.23) -
representing a 7-9% increase in profits from 2011. The company purchased $
66M of shares in Q2 at an average price of $32.37/share, and expects to
complete a remaining $312M of buys by year end.
