ADVFN - Advanced Financial Network.
HOME» NYSE » A » MO Stock Price » MO Stock News

Altria Share News

 Altria Grp. Stock Price
MO Stock Price
 Altria Grp. Stock Chart
MO Stock Chart
 Altria Grp. Stock News
MO Stock News
 Altria Grp. Company Information
MO Company Information
 Altria Grp. Stock Trades
MO Stock Trades

Philip Morris 2Q Net Rises 22% On Asia Volumes; 2011 View Up

DOW JONES NEWSWIRES Philip Morris International Inc.'s (PM) second-quarter profit rose a better-than-expected 22% as strong sales volumes in Asia, particularly Japan, offset declines elsewhere. The company also raised its full-year earnings guidance by 15 cents a share, to $4.70 to $4.80. Strong demand in Asia continues to drive sales for the world's largest cigarette maker, which has reported improving earnings over the past year. Results were particularly strong in Japan after that country's March earthquake disaster hurt domestic competitors. Acquisitions have also helped boost the company's volumes recently. All of Philip Morris International's sales come from outside the U.S. The seller of brands such as Marlboro and L&M has relied an increasing amount on emerging markets to fuel sales as volumes decline in more established European markets. Political upheaval in North Africa and disaster in Japan hurt volumes earlier in the year, and the tobacco giant faces a looming threat from the Australian government, which wants to be the first in the world to restrict logos, branding, colors and promotional text on tobacco packets beginning in January. Philip Morris International posted a profit of $2.41 billion, or $1.35 a share, up from $1.98 billion, or $1.07 a share, a year earlier. Excluding tax and currency impacts, earnings were $1.34 a share, up from $1. Revenue rose 17% to $8.3 billion as volume ticked down 0.1%. Analysts polled by Thomson Reuters expected a $1.22 per-share profit on $7.86 billion in revenue. Volume rose 7.5% in Asia on strong sales in Indonesia, Japan and Korea. The European Union posted a 3.1% drop, mainly on lower numbers in Greece, Portugal and Spain. Volume declined 3.3% in Eastern Europe, the Middle East and Africa and decreased 4.8% in Latin America and Canada. The company bought back 22.7 million shares of its common stock for $1.5 billion during the quarter. Shares closed at $68.19 Wednesday and were inactive premarket. The stock has climbed 37% over the past 12 months. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Altria (MO)
DateTimeHeadline
12/02/201615:36:19Statement of Changes in Beneficial Ownership (4)
11/14/201619:40:00Reynolds Wants More After Rejecting BAT's Initial Takeover Bid
11/02/201610:33:31Statement of Changes in Beneficial Ownership (4)
10/27/201610:09:14Quarterly Report (10-q)
10/27/201608:30:00Altria Results Top Views
10/27/201608:20:00Altria Results Narrowly Top Views
10/27/201607:06:40Current Report Filing (8-k)
10/27/201607:00:00Altria Reports 2016 Third-Quarter and Nine-Month Results; Reaffirms...
10/21/201617:10:20Current Report Filing (8-k)
10/21/201616:55:00Altria Announces Increased Ownership of Anheuser-Busch InBev
10/19/201609:20:00Reynolds American CEO to Leave Role at Year's End
10/13/201610:30:00Altria to Host Webcast of 2016 Third-Quarter Results
10/12/201603:08:00Altria Faces Lower Beer Stake -- WSJ
10/11/201616:30:00Altria Gets 2 Seats on AB InBev Board After Deal Closes -- Update
10/11/201610:10:00As Anheuser-Busch, SABMiller Deal Closes, Altria Details Impact
10/11/201609:45:00As Anheuser-Busch, SABMiller Deal Closes, Altria Details Impact
10/11/201608:32:38Current Report Filing (8-k)
10/11/201608:15:00Altria Becomes Significant Shareholder in Anheuser-Busch InBev;...
10/04/201616:00:37Statement of Changes in Beneficial Ownership (4)
10/04/201615:51:11Statement of Changes in Beneficial Ownership (4)

Altria and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US