Altria Stock Slips After Mixed Q3 Earnings – Big Buyback and 8% Dividend Tempt Investors
MO Stock Slides on Mixed Earnings Altria’s third-quarter earnings highlight the tobacco giant’s balancing act between resilient profits and declining cigarette usage. The company reported an adjusted Q3 profit of $1.45 per share, a 3.6% increase year-on-year and exactly in line with analyst expectations Reuters. However, revenue fell more than anticipated – net revenues came in at $6.07 billion, down ~3%…