Tobacco giant Altria Group, Inc. (NYSE: MO) on Wednesday announced financial results for the second quarter, reporting a decrease in revenue and flat earnings on an adjusted basis.
Net revenues decreased 4.6% year-over-year to $6.21 billion in the June quarter. The decline was primarily driven by lower revenues in the smokeable products segment, partially offset by higher revenues in the oral tobacco products segment.
Second-quarter earnings, excluding one-off itmes, remained unchanged year-over-year at $1.31 per share. On a reported basis, net profit rose sharply to $3.8 billion or $2.21 per share from $2.12 billion or $1.19 per share in the prior-year quarter.
“Altria’s momentum continues to build as we pursue our Vision to responsibly lead the transition of adult smokers to a smoke-free future,” said Billy Gifford, Altria’s CEO.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the
What to look for when Netflix (NFLX) reports its Q2 2025 earnings results
Shares of Netflix, Inc. (NASDAQ: NFLX) stayed red on Monday. The stock has gained 50% over the past three months. The streaming giant is scheduled to report its earnings results
Coinbase shines on stablecoin boom, S&P 500 debut. Will the rally continue?
Coinbase Global, Inc. (NASDAQ: COIN) has emerged as the largest and most user-friendly cryptocurrency exchange in the US, since going public a few years ago. It has played a pivotal
