Altria’s Q2 2018 EPS Beat Estimates while Revenues Miss
Altria Group (MO) posted its second-quarter earnings today. The lower-than-expected revenue and a decline in the company’s total cigarette retail market share of 0.7% to 50.2% from 50.9% in Q2 2017 led Altria’s stock price to fall in the pre-market hours. Year-over-year, Altria’s revenue, net of excise tax, declined 3.7%.