Altria earnings, Revenue miss in Q3

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Altria earnings, Revenue miss in Q3
Credit: © Reuters.

Investing.com - Altria (NYSE: MO ) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Altria announced earnings per share of $1.22 on revenue of $5.53B. Analysts polled by Investing.com anticipated EPS of $1.26 on revenue of $5.87B.

Altria shares are down 6% from the beginning of the year and are trading at $47.50 , down-from-52-week-high.They are under-performing the Nasdaq which is up 18.21% year to date.

Altria follows other major Consumer/Non-Cyclical sector earnings this month

Altria's report follows an earnings beat by Procter&Gamble on Tuesday, October 19, 2021, who reported EPS of $1.61 on revenue of $20.34B, compared to forecasts EPS of $1.59 on revenue of $19.83B.

Coca-Cola had beat expectations on Wednesday with third quarter EPS of $0.65 on revenue of $10.04B, compared to forecast for EPS of $0.577 on revenue of $9.78B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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