Infographic: Highlights of Altria Group's Q1 2022 earnings report – AlphaStreet

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Tobacco company Altria Group, Inc. (NYSE: MO) has reported an increase in first-quarter profit despite a modest decrease in revenues. The company’s stock traded higher in the early hours of Friday’s session.
Altria Group Q1 2022 Earnings Infographic
First-quarter earnings, adjusted for special items, moved up to $1.12 per share from $1.07 per share in the comparable period of fiscal 2021. On an unadjusted basis, net profit increased to $1.95 billion or $1.08 per share from $1.42 billion or$0.77 per share last year.
Total revenues decreased 2% annually to $5.89 billion during the three-month period, reflecting continued weakness in the core tobacco business.
Check this space to read management/analysts’ comments on Altria’s Q1 2022 earnings
“We are off to a strong start to the year and believe our businesses are on track to deliver against their
full-year plans. Our tobacco businesses performed well in a challenging macroeconomic environment and we
continued to make progress toward our Vision to responsibly lead the transition of adult smokers to a smoke-free
future,” said Billy Gifford, chief executive officer of Altria.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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Chevron Corporation (NYSE: CVX) reported a sharp increase in first-quarter profit as the energy giant’s revenues grew by 70%. Both earnings and the top line exceeded the consensus estimates. Total revenues
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