RTTNews | Jul 28, 2020 08:03AM EDT

08:03 Tuesday, July 28, 2020 (RTTNews.com) - Altria Group Inc. (MO) revealed a profit for second quarter that decreased from the same period last year.

The company's bottom line totaled $1.94 billion, or $1.04 per share. This compares with $2.00 billion, or $1.07 per share, in last year's second quarter.

Excluding items, Altria Group Inc. reported adjusted earnings of $2.03 billion or $1.09 per share for the period.

Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.8% to $6.37 billion from $6.62 billion last year.

Altria Group Inc. earnings at a glance:

-Earnings (Q2): $2.03 Bln. vs. $2.03 Bln. last year.-EPS (Q2): $1.09 vs. $1.08 last year.-Analysts Estimate: $1.06-Revenue (Q2): $6.37 Bln vs. $6.62 Bln last year.

-Guidance:Full year EPS guidance: $4.21 to $4.38

Read the original article on RTTNews ( https://www.rttnews.com/3114958/altria-group-inc-q2-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved