MO
NYSE · Tobacco
Altria Group Inc
$68.12
-0.92 (-1.33%)
MO News5 articles
Altria Slips for Fifth Day as Nicotine Pouch Competition Intensifies
Altria shares fell 1.3% to $68.12, extending a five-session losing streak despite a Q1 earnings beat. Rising competition in the nicotine pouch market and declining cigarette volumes weigh on the stock ahead of its May 14 annual meeting.
Altria Shares Surge 7% on Q1 Earnings Beat Amid Price Hikes
Altria shares rose 7% after Q1 earnings beat estimates, driven by price hikes that offset a 2.4% drop in cigarette shipments.
Altria Faces Pivotal Earnings as CEO Transition Looms and Smoke-Free Future Hangs in Balance
Altria Group (MO) reports Q1 earnings April 30 as CEO Billy Gifford prepares to retire May 14. Analysts expect $1.25 EPS on $4.58B revenue. The company faces declining cigarette volumes and a critical test for its nicotine pouch strategy.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.
Philip Morris Hits 52-Week High Despite India IQOS Ban
Philip Morris shares climbed 1.4% to $188.95, setting a new 52-week high. The gain came despite India's health ministry refusing to relax its ban on heated tobacco, blocking the IQOS launch.