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Altria’s income has benefited from greater costs for its merchandise
Simon Dawson/Bloomberg
Altria Group, maker of Marlboro cigarettes, barely beat analyst expectations for earnings and income in its second-quarter report.
The corporate (inventory ticker: MO) posted $1.31 earnings per share on income of $5.44 billion for the quarter ending in June. Observe analysts
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They had been searching for $1.30 a share for $5.43 billion.
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The corporate’s income was affected partially by decrease cigarette cargo volumes within the quarter, which fell practically 1% from the year-ago interval. However this was offset by greater costs.
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It was buying and selling flat on Tuesday at $45.39.
The corporate maintained its forecast of adjusted earnings per share for 2023 within the vary of $4.89 to $5.03.
Write to Karishma Vanjani at karishma.vanjani@dowjones.com.
(tags to translation) Tobacco merchandise
