Why British American Tobacco Stock Plummeted Today
British American Tobacco (NYSE: BTI) stock got hit with a big sell-off Thursday. The tobacco giant's share price closed out the day down 7.3%, despite gains of 1.04% for the S&P 500 index in the daily session.British American Tobacco (BAT) published preliminary full-year results for 2024 before the market opened this morning. While earnings came in better than anticipated, sales fell short of expectations -- and guidance signaled that continued headwinds could be on the horizon.British American Tobacco posted an adjusted profit of 362.5 British pounds per share on sales of 25.87 billion pounds. Meanwhile, the average analyst estimate had called for earnings per share of 362.2 pounds on sales of 26.11 billion pounds.Continue reading
British American Tobacco (NYSE: BTI) stock got hit with a big sell-off Thursday. The tobacco giant's share price closed out the day down 7.3%, despite gains of 1.04% for the S&P 500 index in the daily session.
British American Tobacco (BAT) published preliminary full-year results for 2024 before the market opened this morning. While earnings came in better than anticipated, sales fell short of expectations -- and guidance signaled that continued headwinds could be on the horizon.
British American Tobacco posted an adjusted profit of 362.5 British pounds per share on sales of 25.87 billion pounds. Meanwhile, the average analyst estimate had called for earnings per share of 362.2 pounds on sales of 26.11 billion pounds.
