MO earnings....

Discussion in 'Stocks' started by S2007S, Jan 31, 2007.

  1. S2007S


    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

    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.
  2. alot more to the story today with MO
  3. john12


    wrong mo's earnings were up 7% or so. rev's up a crummy3%

    11:42 MO Altria beats by $0.05, ex items; guides (86.95 -0.58)

    Reports Q4 (Dec) earnings of $1.27 per share, ex items, $0.05 better than the Reuters Estimates consensus of $1.22; total net revenues rose 3.7% year/year to $25.4 bln. Co guides for FY07, sees EPS of $4.23-4.28, ex $0.08 charge and excluding