Altria Group (MO) Tops Q4 EPS by 1c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus
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Altria Reports 2020 Fourth-Quarter and Full-Year Results; Provides 2021 Full-Year Earnings Guidance; Announces New $2 Billion Share Repurchase Program
January 28, 2021 7:00 AM ESTRICHMOND, Va.--(BUSINESS WIRE)-- Altria Group, Inc. (Altria) (NYSE: MO) today reports its 2020 fourth-quarter and full-year business results, provides guidance for 2021 full-year adjusted diluted earnings per share (EPS) and announces that its Board of Directors (Board) has authorized a new $2 billion share repurchase program.
Altria delivered outstanding results in 2020 and managed through the challenges presented by the COVID-19 pandemic, said Billy Gifford, Altrias Chief Executive Officer. Our tobacco businesses were resilient and we made steady progress toward our 10-year Vision to responsibly transition adult smokers to a noncombustible future.
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