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.
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