Investing.com - Altria (NYSE:MO) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Altria announced earnings per share of $1.09 on revenue of $5.06B. Analysts polled by Investing.com anticipated EPS of $1.06 on revenue of $5.08B.
Altria shares are down 15% from the beginning of the year , still down 19.68% from its 52 week high of $52.45 set on August 27, 2019. They are under-performing the S&P 500 which is up 0.27% from the start of the year.
Altria follows other major Consumer/Non-Cyclical sector earnings this month
Altria's report follows an earnings beat by Coca-Cola on July 21, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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