India, July 30 -- Altria Group, Inc. (MO), a tobacco and smoke-free products company, on Thursday reported lower second-quarter profit. Its shares were about 5% down in pre-market trading.
Net earnings declined to $2.298 billion or $1.37 per share from $2.378 billion or $1.41 per share a year earlier. Excluding one-time items, adjusted earnings rose 2.8% to $1.48.
Operating income decreased 2.9% to $3.136 billion from $3.230 billion last year.
Operating companies income dropped 2.2% to $3.246 billion from $3.320 billion.
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Net revenues edged up 0.1% to $6.111 billion from $6.102 billion a year earlier.
Looking ahead, the company raised the lower end of ...