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Updated July 28, 2022 10:50 am ET / Original July 28, 2022 8:16 am ET
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Altria reported a decent quarter but slashed the value on Juul, its e-cigarette product. The bad news kept the cigarette maker’s stock in the red.
In the second quarter, Altria (ticker: MO) said it earned an adjusted $1.26 a share on revenue of $6.54 billion. When adjusted for excise taxes, revenue was $5.37 billion. Analysts were looking for earnings of $1.25 a share and revenue of $5.41 billion, according to FactSet.