Altria Shares Q4 2021 Results

Altria operates in the tobacco and wine industry. In stores, you can find its products under the brands Black & Mild, Copenhagen, Skoal, Red Seal, etc. In addition, it rents out vehicles, real estate, and equipment. Its market capitalization is $92.474 billion with a price per share of $50.35. Over the past month, the worth has surged by 6.6%. Yesterday’s fourth-quarter report showed solid economic growth, pushing the stock price up to $1.14 in official trading. The pre-market stock price is $50.

Altria

Altria increased earnings by 10 cents over the same quarter in 2020 to $1.09 per share in three months. Its revenue was $5,09 billion, up 0.59% from Q4 2020 and 0.64% above the Zacks Consensus Estimate. Thus, according to the results of the quarters, the company exceeded the consensus estimate of revenue two times during the year. Net revenue fell from $50,040 to $6,255 million as the wine segment didn’t generate revenue. However, after excise taxes, revenue was $5,086 million, $32,000 higher than The Zacks Consensus Estimate. In the tobacco segment, cigarette shipments fell nearly 7%.