Tobacco company announces share buyback program

  • Altria’s fourth-quarter profit fell by 23% to $2.06 billion
  • Adjusted fourth-quarter profit matched analyst estimates
  • Revenue dipped by 1.2% to $5.02 billion
  • Altria sets new $1 billion share buyback program
  • Altria expects 2024 full-year adjusted earnings of $5.00 to $5.15 a share

Altria Group Inc. reported a 23% decline in fourth-quarter profit to $2.06 billion, but the adjusted earnings matched analyst estimates. The company also announced a new $1 billion share buyback program. Revenue dipped by 1.2% to $5.02 billion, slightly below expectations. Looking ahead, Altria expects adjusted earnings of $5.00 to $5.15 a share for the full year 2024.

Public Companies: Altria Group Inc. (MO)
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Factuality Level: 8
Justification: The article provides specific information about Altria Group Inc.’s stock performance, its new share buyback program, its fourth-quarter profit, and its revenue. It also includes the company’s adjusted earnings and compares them to analyst estimates. The article does not contain any irrelevant or misleading information, and it does not include any bias or personal perspective. However, it could have provided more context about the reasons behind the company’s profit decline and the impact of the illicit e-vapor market on its volumes.

Noise Level: 7
Justification: The article provides relevant information about Altria Group Inc.’s stock performance, earnings, and revenue. It includes analyst estimates and the company’s guidance for future earnings. However, it lacks in-depth analysis, scientific rigor, and accountability. It does not provide insights into long-term trends, antifragility, or consequences of decisions. The article stays on topic and supports its claims with data and examples, but it does not offer actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Altria Group Inc.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Altria Group Inc.’s stock performance, earnings, and revenue. There is no mention of an extreme event.

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