MO - Why Is Marlboro Maker Altria Stock Surging Today? | Benzinga
Altria Group Inc (NYSE:MO) shares are trading higher after it reported fourth-quarter FY23 results.
Revenues net of excise taxes decline by 1.2% Y/Y to $5.024 billion, missing the analyst consensus estimate of $5.063 billion.
Net revenues decreased 2.2% Y/Y to $5.98 billion due to lower net revenues in the smokeable products segment.
Revenue for smokeable products decreased by 3.3%, and oral tobacco products grew by 6.6%. Smokeable products segment reported domestic cigarette ...