Saturday, April 30, 2016

VGR, MO, & MA Earnings

There were a few earnings reports we got this Thursday and Friday.

Vector Group(VGR) reported EPS of $0.16/share on revenues of $380 million. The stock moved up 2.5% on the news after recently drifting down.  There was no CEO statement in the press release

Our other favorite tobacco name Altria(MO) reported EPS of $0.62/share on revenues of $5.4 billion. The company reaffirmed adjusted diluted guidance of $3.00-$3.05 per share. The stock perked up towards the end of the week after drifting lower recently. Here is what the CEO Marty Barrington had to say.

“Altria is off to an excellent start in 2016, growing adjusted diluted earnings per share by 14.3% despite a tough 2015 comparison,” said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. “Our first-quarter results illustrate the strength of our core tobacco businesses and our focus on execution. And Altria paid shareholders over $1.1 billion in dividends during the quarter.”

“The smokeable products segment continued its outstanding performance with contributions across the brand portfolio. In smokeless products, USSTC continues to execute its strategies, including the successful national expansion of its innovative Copenhagen Mint.”

“We also have made significant progress against the $300 million productivity initiative we announced on January 28th. Among other actions, we completed the realignment of our organization in the quarter,” said Mr. Barrington.


MasterCard(MA) reported EPS of $0.86/share on revenue up 10% to $2.4 billion. The company didn't change its outlook for growth or earnings on the conference call. The shares really didn't change much by the end of the week either. The company is still seeing healthy growth across the board. Here is what CEO Ajay Banga had to say. 

“The year is off to a good start with solid growth in revenue due to strong volume and transaction levels this quarter,” said Ajay Banga, president and CEO, MasterCard. “We continue to deliver against our strategy, looking to our investments and acquisitions to create a better cardholder experience, supported by a relentless commitment to security. Our encryption and token services are helping to support new ways to pay in an increasingly digital world, while our APT and Pinpoint businesses are helping to drive stronger connections between merchants and their customers.”

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