Altria: profit down 50% on challenging comp basis
(CercleFinance.com) - Altria's Q4 EPS decreased 50% to 2.
60 dollars, with performance in 2016 driven by the capital gain made on the AB InBev/SABMiller merger.
The maker of Marlboro cigarettes and Nicolas Feuillatte champagne said it expects 2018 full-year adjusted diluted EPS to grow by between 15% and 19%.
Altria also said that CEO Marty Barrington has decided to retire later this year at 65 years old, to be replaced by Howard Willard, 54, who is currently the group's chief operating officer.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
60 dollars, with performance in 2016 driven by the capital gain made on the AB InBev/SABMiller merger.
The maker of Marlboro cigarettes and Nicolas Feuillatte champagne said it expects 2018 full-year adjusted diluted EPS to grow by between 15% and 19%.
Altria also said that CEO Marty Barrington has decided to retire later this year at 65 years old, to be replaced by Howard Willard, 54, who is currently the group's chief operating officer.
Copyright (c) 2018 CercleFinance.com. All rights reserved.