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Altria Group Inc. Q2 adjusted earnings Beat Estimates

Altria Group Inc. (MO) released a profit for second quarter that dropped from last year.

The company's profit came in at $1.88 billion, or $0.99 per share. This compares with $1.99 billion, or $1.03 per share, in last year's second quarter.

Excluding items, Altria Group Inc. reported adjusted earnings of $1.91 billion or $1.01 per share for the period.

Analysts had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $6.31 billion from $6.66 billion last year.

Altria Group Inc. earnings at a glance:

-Earnings (Q2): $1.91 Bln. vs. $1.65 Bln. last year.
-EPS (Q2): $1.01 vs. $0.85 last year.
-Analysts Estimate: $1.00
-Revenue (Q2): $6.31 Bln vs. $6.66 Bln last year.

Full year EPS guidance: $3.94 to $4.03

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