Altria falls after missing quarterly profit estimates

Altria

30/07/2026 16:59

** Shares of Marlboro maker Altria MO.N fall as much as 9.1% to $68.08
** Stock 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 ~30% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))