Altria Group, Inc. (MO) Wednesday reported net earnings of $2.378 billion or $1.41 per share for the second quarter, lower than $3.803 billion or $2.21 per share in the same quarter a year ago.
In the previous-year quarter, the company had recorded a gain of $2.7 billion on sale of IQOS System commercialization rights.
Excluding one-time items, adjusted earnings increased to $2.433 billion or $1.44 per share from $2.288 billion or $1.33 per share in the prior year.
On average, 13 analysts expected earnings of $1.38 per share. Analysts' estimates typically exclude special items.
Operating income increased to $3.23 billion from $2.533 billion last year.
Revenue for the quarter declined 1.7% to $6.102 billion from $6.209 billion in the previous year, mainly due to lower net revenues in the smokeable products segment. The consensus estimate was for $5.19 billion.
For the full year, the company has raised the lower end of its adjusted EPS outlook and now expects $5.35 to $5.45 per share. The Street is looking for EPS of $5.38 for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.