Altria Group Reports Drop in Second-Quarter Profit

Earnings
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Summary · why it matters

Altria Group Inc. reported a drop in second-quarter profit. The company's bottom line came in at $2.298 billion, or $1.37 per share, compared with $2.378 billion, or $1.41 per share, in the same period last year. Excluding items, adjusted earnings were $2.480 billion, or $1.48 per share. Revenue rose 0.1% to $6.111 billion from $6.102 billion a year earlier. Altria provided full-year EPS guidance of $5.61 to $5.72.

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Altria reported a drop in second-quarter profit and lower EPS compared to last year.