Altria falls after missing quarterly profit estimates - MO News | RalliesAltria falls after missing quarterly profit estimates
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MO• Shares fall after Q2 profit miss
- Shares of Marlboro maker Altria MO.N fall as much as 9.1% to $68.08.
- Stock is set for its worst day since June 2022, if losses hold.
- The company misses Q2 profit estimates as macroeconomic uncertainty hurt demand for its premium cigarettes and nicotine pouches.
- Q2 adjusted EPS of $1.48 misses estimates of $1.50 — data compiled by LSEG.
- Q2 shipment volumes for premium Marlboro brand fall 7.4%, while those for On! nicotine pouches were down 4.2%.
- Up to last close, MO has risen about 30% year to date.
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