Altria's (MO) Q2 Earnings Lag Estimates, Cigarette Volumes Drop

Altria Group Inc. (MO) posted second-quarter 2024 results, wherein the bottom line remained flat year over year and came below the Zacks Consensus Estimate. Also, the top line declined from the year-ago quarter’s level. While the company continued to benefit from pricing power, soft cigarette shipment volumes remained a downside. Altria narrowed its bottom-line view for 2024. However, MO is demonstrating solid progress in its mission to transition adult smokers to a smoke-free future. In the second quarter, ...