Altria Affirms Full-year Profit Outlook

By Tomi KilgoreMarketWatch Pulse

Altria Group Inc.'s stock tacked on 0.8% in premarket trade Wednesday, after the cigarette seller affirmed its full-year adjusted earnings-per-share outlook. The company said it still expects EPS, excluding non-recurring items, such as litigation charges and losses on the early extinguishment of debt, of $2.76 to $2.81. That compares with the FactSet consensus of $2.81. Altria will present at the Barclays Global Consumer Staples Conference in Boston on Wednesday. The stock has climbed 10% over the past three months, while the S&P 500 has lost 5.3%.

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