FX.co ★ Altria Group Inc. Q2 Profit Increases, But Misses Estimates

Altria Group Inc. (MO) reported its second-quarter earnings, showcasing an increase from the corresponding period last year, although they did not meet Wall Street's expectations.

The company's earnings were $3.803 billion, or $2.21 per share, compared to $2.117 billion, or $1.19 per share, in the same quarter last year.

On an adjusted basis, Altria Group Inc. posted earnings of $2.258 billion, or $1.31 per share, for the quarter.

Market analysts, surveyed by Thomson Reuters, had anticipated earnings of $1.34 per share, excluding special items.

The company's revenue for the quarter experienced a 4.6% decline, falling to $6.209 billion from $6.508 billion in the previous year.

Here is a summary of Altria Group Inc.'s second-quarter earnings (GAAP):

- Earnings: $3.803 billion, up from $2.117 billion last year

- EPS: $2.21, up from $1.19 last year

- Revenue: $6.209 billion, down from $6.508 billion last year