Altria Group, Inc. (MO), Thursday reported third-quarter earnings of $2.375 billion or $1.41 a share, compared to $2.293 billion or $1.34 a share in the prior year quarter.
On adjusted basis, earnings amounted to $1.45 a share compared to $1.40 a share last year.
On average, analysts estimated earnings of $1.33 a share for the quarter.
Operating income increased to $3.230 billion from $3.152 billion in the year ago quarter.
Net revenues declined to $6.072 billion from $6.259 billion in the previous year.
Looking ahead, the company narrowed its 2025 full-year adjusted diluted earnings in the range of $5.37 to $5.45 per share.
Analysts, on average, anticipate earnings of $5.44 for the fiscal year 2025.
The company also shared its decision to expand its existing share repurchase programfrom $1 billion to $2 billion.
Currently, MO is moving down 7.85 percent, to $57.15 on the New York Stock Exchange.
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