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July 22, 2014
07:04 EDTMOAltria revises FY14 adjusted EPS view to $2.54-$2.59 from $2.52-$2.59
Consensus is $2.57. Altria expects stronger adjusted diluted EPS growth in the second half of the year, particularly in the fourth quarter, driven by various factors. These include lower fourth-quarter costs in the smokeable products segment due to the end of the quota buy-out payments and a significantly lower fourth-quarter effective tax rate on operations compared to the fourth quarter of 2013 resulting from Altria's 2013 debt tender offer.
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