MO Q3 Earnings Top Estimates on Pricing Amid Low Cigarette Volumes

Altria Group Inc. (MO) posted third-quarter 2024 results, wherein the bottom line improved year over year and beat the Zacks Consensus Estimate, whereas revenues dipped due to the smokeable products segment.  However, the smokeable products segment saw robust operating income growth, driven by Marlboro's strong performance. In the oral tobacco category, MST brands sustained profitability, and on! continued its upward momentum in the market. Along with the earnings release, Altria has unveiled a new initiati ...