Altria Group Inc. Q2 Profit Increases, But Misses Estimates

(RTTNews) - Altria Group Inc. (MO) released earnings for its second quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $3.803 billion, or $2.21 per share. This compares with $2.117 billion, or $1.19 per share, in last year's second quarter.

Excluding items, Altria Group Inc. reported adjusted earnings of $2.258 billion or $1.31 per share for the period.

Analysts on average had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.6% to $6.209 billion from $6.508 billion last year.

Altria Group Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $3.803 Bln. vs. $2.117 Bln. last year. -EPS (Q2): $2.21 vs. $1.19 last year. -Revenue (Q2): $6.209 Bln vs. $6.508 Bln last year.