UPDATE: Altria Group Q2 Profit Rises 3.3%

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Altria Group
MO
reported a 3.3% gain in its second-quarter earnings. Altria Group's quarterly profit rose to $1.27 billion, or $0.63 per share, from $1.23 billion, or $0.60 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $0.62 per share. Its revenue dropped 1.2% to $4.53 billion. However, analysts were expecting earnings of $0.63 per share on revenue of $4.62 billion. Its gross margin widened to 56.4% from 54.4%. Altria Group shares closed at $36.88 yesterday.
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Posted In: EarningsNewsprofit
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