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Packs of Marlboro cigarettes are displayed at a smoke shop on April 28, 2023 in San Francisco, California.
Justin Sullivan | Getty Images
Altria Group, the parent company of Philip Morris USA and the nation’s largest tobacco company, reported third-quarter results Thursday that fell short of Wall Street’s expectations as demand for its core cigarette business cools and illicit e-vapor products flood the market.
Here’s how the company did, compared to the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:
- Earnings per share: $1.28 adjusted vs. $1.29 expected
- Revenue: $5.28 billion adjusted vs. $5.43 billion expected
Altria’s overall revenue fell in its third quarter,…
Source cnbc.com
