Altria: Q2 Earnings Snapshot

RICHMOND, Va. (AP) _ Altria Group (MO) on Thursday reported second-quarter profit of $891 million.

The Richmond, Virginia-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, were $1.26 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The owner of Philip Morris USA, the nation’s largest cigarette maker posted revenue of...

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RICHMOND, Va. (AP) _ Altria Group (MO) on Thursday reported second-quarter profit of $891 million.

The Richmond, Virginia-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, were $1.26 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The owner of Philip Morris USA, the nation’s largest cigarette maker posted revenue of $6.54 billion in the period. Its adjusted revenue was $5.37 billion, which missed Street forecasts. Four analysts surveyed by Zacks expected $5.4 billion.

Altria expects full-year earnings in the range of $4.79 to $4.93 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO

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