Altria slumps as annual profit forecast below estimates

Altria

30/10/2025 12:46

** Shares of tobacco giant Altria  down about 5% at $58.88 premarket

** Co forecast annual profit largely below market expectations, hurt by lower demand for its cigarettes and oral smoking alternatives such as on! nicotine pouches

** Expects annual adjusted EPS between $5.37 and $5.45, below analysts' estimate of $5.44 - data compiled by LSEG

** Net revenue for Q3 fell 3% to $6.07 billion from year ago, but beat analysts' estimate of $5.31 billion

**  Up to last close, stock up ~18.5% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))