Tobacco large Altria Group, Inc. (NYSE: MO) on Wednesday introduced monetary outcomes for the second quarter, reporting a lower in income and flat earnings on an adjusted foundation.
Web revenues decreased 4.6% year-over-year to $6.21 billion within the June quarter. The decline was primarily pushed by decrease revenues within the smokeable merchandise section, partially offset by larger revenues within the oral tobacco merchandise section.
Second-quarter earnings, excluding one-off itmes, remained unchanged year-over-year at $1.31 per share. On a reported foundation, internet revenue rose sharply to $3.8 billion or $2.21 per share from $2.12 billion or $1.19 per share within the prior-year quarter.
“Altria’s momentum continues to build as we pursue our Vision to responsibly lead the transition of adult smokers to a smoke-free future,” mentioned Billy Gifford, Altria’s CEO.