MO's second-quarter earnings miss estimates as cigarette shipments fall, though higher pricing lifted smokeable products revenues and supported profit growth.
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Zacks6d agobearish
Altria Q2 Earnings Miss Estimates, Cigarette Volumes DownInvestorsHub6d agobearish
Altria Shares Decline After Earnings Miss and Narrowed Full-Year OutlookAltria Group Inc. (NYSE:MO) shares fell nearly 4% after the tobacco company reported second-quarter earnings that came in slightly below Wall Street expectations, despite revenue exceeding forecasts.
The Wall Street Journal6d agobearish
Altria Profit Falls on Softer Oral-Tobacco PerformanceAltria Group had virtually flat revenue and lower profit in the second quarter, as lower sales of its nicotine pouches offset some of the growth in its cigarettes business.