Confirms FY guidance (Il Sole 24 Ore Radiocor) - New York, 25 Apr - The US tobacco company Altria said that in the first quarter reported diluted earnings per share rose 21.0% to 1.21 dollars but adjusted diluted EPS fell 2.5% to 1.15 dollars.

In March, Altria raised 2.4 billion dollars from the sale of Anheuser-Busch InBev shares.

Net revenue fell 2.5% to 5.576 billion dollars, while revenue net of excise taxes slipped 1.0% to 4.717 billion.

Altria reaffirmed its full-year adjusted diluted EPS guidance range of 5.05-5.17, representing a growth rate of 2-4.5% from a base of 4.95 dollars in 2023. It expects 2024 adjusted diluted EPS growth to be weighted to the second half of the year.

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(RADIOCOR) 25-04-24 19:29:45 (0654) 5 NNNN