Altria Group (MO) Shares Dip Following Q4 Earnings Miss
Altria Group (MO) stock experienced a decline in early trading on Thursday following the release of its fourth-quarter earnings report.
The company's profit for the quarter was below analyst estimates.
Revenue Decline Noted
Net revenue for the quarter decreased by 2.1%, totaling $5.8 billion. This reduction was primarily attributed to lower net revenues within the smokeable products segment.