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Altria Unveils $1 Billion Stock Buyback as Earnings Top Estimates

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Altria Unveils $1 Billion Stock Buyback as Earnings Top Estimates | Barron’s

Marlboro maker


Altria

Group beat earnings and revenue estimates in the fourth quarter and announced a new $1 billion share buyback plan.

The cigarettes company reported adjusted earnings per share (EPS) of $1.18, narrowly beating analysts’ expectations of $1.17, according to FactSet data. Revenue fell 2.3% to $6.11 billion but convincingly beat estimates for $5.15 billion.

Altria Beats Earnings Estimates, Unveils $1 Billion Stock Buyback

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