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.