Altria Reports Improved Q4 Earnings, Revenue

Altria Group Inc. said on Thursday it had net income of $1.25 billion, 64 cents per share during the fourth quarter, up from $1.24 billion, or 63 cents a share in the year-earlier period. Adjusted earnings per share were 67 cents, just below the FactSet consensus of 68 cents. The company said net revenue hit $6.32 billion, up from $6.26 billion a year ago. Revenue net of excise taxes was $4.7 billion. The FactSet consensus on revenue was $4.74 billion. Altria shares were trending up in premarket trade.

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