Altria (MO) Q1 2021 earnings beat


A Philip Morris Marlboro brand cigarette burns in an ashtray for this arranged photograph in Tiskilwa, Illinois, on Wednesday, July 12, 2017.

Daniel Acker | Bloomberg | Getty Images

Altria‘s first-quarter earnings declined as revenue fell short of estimates and cigarette shipments continue to decline.

The parent of Marlboro cigarettes has been shifting its business away from traditional tobacco products, and announced it acquired the remaining 20% stake in On, a nicotine pouch product.

The company’s stock was down 1.1% lower in late morning trading.

Here’s what the company reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by…


Domino’s Pizza CEO says digital sales are continuing to climb

Previous article

Chinese electric automaker Nio says chip shortage will slow car deliveries

Next article

You may also like

Leave a Reply

Notify of

More in Retail