MO Q4 Earnings Beat Estimates on Pricing Despite Low Cigarette Volumes
Altria(MO) ZACKS·2025-01-31 01:01
Altria Group Inc. (MO) posted fourth-quarter 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Earnings increased year over year while net revenues essentially came in line with the year-ago quarter’s level. The company’s oral tobacco category continued its growth trajectory with the robust performance of NJOY. We note that NJOY consumables shipment volume increased 15.3% year over year.Altria’s fourth-quarter adjusted earnings came in at $1.29 per share, which advanced 9.3% ...