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Altria Group, Inc. [MO] has reported a substantial increase in profit for the second quarter of 2024, ending on June 30. The company's profit surged to $3.8 billion in Q2, showing a significant jump from the previous quarter.
The company, headquartered in Richmond, Virginia, reported to SEC in an 8-K filing $2.21 earnings per share in the quarter, compared to $1.19 in the previous quarter.
Altria Group, Inc., a prominent player in the tobacco industry sector, saw a revenue of $6.2 billion in the latest period. This figure reflects a 4.6% decrease compared to the revenue of the previous quarter.
In comparison to the revenue of the same quarter in the previous year, Altria Group, Inc. experienced a revenue decrease of 3.3% in the current quarter. Additionally, the company saw a notable 79.6% increase in profit for the current quarter when compared to the profit in the same quarter of the previous year.
As of August 7, 2024 end of day trading.