Altria Stock Drops After Disappointing Q2 Earnings Report
Altria (MO) stock fell sharply on Thursday following a disappointing quarterly report, with shares down nearly 9% as of midday trading. The tobacco giant reported non-GAAP earnings per share of $1.48 in the second quarter, missing Wall Street estimates by $0.02. While revenue rose slightly year-over-year to $5.36 billion and met expectations, volume declines for its cigarette segment continued, with adjusted domestic unit shipments down 4.5%. This has raised concerns among investors about Altria's long-term growth prospects. Altria revised its full-year earnings guidance upward but still fell short of the average analyst forecast. The company now expects adjusted EPS between $5.61 and $5.72, compared to a prior target range of $5.56–$5.72 and an expected midpoint of $5.69 before the report. With volume declines persisting in its core cigarette business and softer-than-expected guidance for 2026, investors are questioning whether Altria's modest growth can justify its current valuation.
Tickers: $MO