altria-is-having-a-mixed-day-earnings-beat-expectations-but-juul’s-value-lowered.

Altria Is Having A Mixed Day. Earnings Beat Expectations But Juul’s Value Lowered.

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https://www.barrons.com/articles/altrias-earnings-beat-expectations-51659010556

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.

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