Altria Posts Q3 Earnings of $2.52 Billion, Beats Wall Street Estimates

Altria Group (MO) on Thursday reported third-quarter net income of $2.52 billion, or $1.51 per share, topping analyst expectations. Adjusted earnings came in at $1.52 per share, edging past the $1.51 average estimate of five analysts surveyed by Zacks Investment Research. The Richmond, Virginia-based owner of Philip Morris USA, the nation's largest cigarette maker, posted revenue of $6.13 billion for the period. Adjusted revenue was $5.44 billion, also beating Street forecasts of $5.3 billion from three analysts surveyed by Zacks. Altria guided full-year earnings to a range of $5.66 to $5.74 per share.