Altria Group, Inc. (MO)
Illicit nicotine pouches on the rise in US, Altria CEO says
Marlboro maker Altria said on Wednesday it had sent data to the U.S. Food and Drug Administration on growth in illegal nicotine pouches, saying it echoed the early stages of a now massive black market for vapes in the country.
Altria Q2 earnings fall short of estimates as cigarette volumes continue to decline
Altria Group Inc (NYSE:MO, ETR:PHM7) shares fell almost 5% after the tobacco alcohol and cannabis conglomerate's second quarter earnings disappointed on waning cigarette demand. The owner of Marlboro-maker Philip Morris posted revenue of $5.2 billion, short of estimates of $5.4 billion.
Altria (MO) Misses Q2 Earnings and Revenue Estimates
Altria (MO) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.31 per share a year ago.
Altria Stock Drops After Earnings Miss, Narrowed Guidance
Altria now expects adjusted earnings for the year of $5.07 a share to $5.15 a share.
Will Pricing Gains Drive Altria's Q2?
Altria (NYSE: MO) will report its Q2 2023 results on Wednesday, July 31, and it will likely post an upbeat quarter. We expect the company to post revenue of $5.43 billion and adjusted earnings of $1.35 per share, compared to the consensus estimates of $5.39 billion and $1.34, respectively.
Altria's (MO) Q2 Earnings Coming Up: Buy, Sell or Hold Steady?
Altria Group's (MO) second-quarter earnings are likely to reflect gains from the company's pricing power and smoke-free product strength amid soft cigarette volumes.
Want Super-Safe Income for Your Portfolio? This High-Yield Dividend King Could Be for You.
Altria has newfound growth outside of its legacy cigarette business. The company has a rich history of paying and raising its dividend.
Altria Group: Buy, Sell, or Hold?
Altria is a great income investment with its reliable 8% dividend. It's also a safe haven during market corrections.
Altria (MO) Hits 52-Week High: Time to Cash In or Hold Steady?
Altria's (MO) strategic moves into smoke-free products offer growth potential, though the declining cigarette business raises concerns.
Why the Market Dipped But Altria (MO) Gained Today
Altria (MO) concluded the recent trading session at $49.80, signifying a +0.77% move from its prior day's close.
Altria (MO) Reports Next Week: Wall Street Expects Earnings Growth
Altria (MO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors Heavily Search Altria Group, Inc. (MO): Here is What You Need to Know
Zacks.com users have recently been watching Altria (MO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
