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Altria (MO) stock is climbing Thursday afternoon following stronger-than-expected third quarter results. The parent company of Philip Morris USA — which owns and manufactures Marlboro cigarettes — reported revenue of $5.34 billion, surpassing estimates of $5.30 billion. Adjusted earnings per share (EPS) reached $1.38, exceeding the projected $1.35.
Market Domination hosts Alexandra Canal and Josh Lipton dive into the key metrics of the report, discussing the rise in demand for smoke-free products.
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This post was written by Angel Smith