Altria Stock Gains On Q4 Earnings Beat
Altria Group Inc (NYSE:MO) reported fourth-quarter FY21 revenues net of excise taxes of $5.09 billion, +0.6% year-on-year, beating the analyst consensus of $5 billion. Net revenues declined 0.8% to $6.26 billion. Revenue for smokeable products increased 2.3%, and oral tobacco products rose 4.8%. Gross profit climbed 5.4% Y/Y to $3.3 billion. The operating…
Benzinga ·