Cigarette maker Altria Group narrowed its earnings guidance for the year as it reported third-quarter earnings and revenue that missed Wall Street estimates.
Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Cigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.28 adjusted vs. $1.30 expected. $1.28 adjusted vs. $1.30 expected. Revenue: $5.41 billion vs. $5.59 billion expected. Shares of Altria were down 2% in pre-market trading. The maker of Marlboro cigarettes, which has been working to diversify its offerings as smoking rates decline in the U.S., also announced a strategic partnership…