RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Altria Group (MO) on Thursday reported second-quarter net income of $2.3 billion.
On a per-share basis, the Richmond, Virginia-based company said it had profit of $1.37. Earnings, adjusted for one-time gains and costs, were $1.48 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The owner of Philip Morris USA, the nation’s largest cigarette maker posted revenue of $6.11 billion in the period. Its adjusted revenue was $5.36 billion, which met Street forecasts.
Altria expects full-year earnings in the range of $5.61 to $5.72 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MO at https://www.zacks.com/ap/MO
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