Wednesday, February 1, 2017

Altria Sees FY17 Earnings Below Market View; Q4 Adj. EPS Tops Estimates

Cigarette giant Altria Group Inc. on Wednesday issued fiscal 2017 adjusted earnings forecast, which is below market estimates, after reporting a surge in fourth-quarter profit. The quarterly results reflected an $8.9 billion gain from the AB InBev/SABMiller transaction. Adjusted earnings per share topped analysts' estimates.

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