Altria's (MO) Q1 Earnings Miss Estimates, Revenues Decline Y/Y

Altria Group Inc. (MO) delivered first-quarter 2024 results, with the bottom line missing the Zacks Consensus Estimate and declining year over year. The top line also declined from the year-ago quarter’s reported figure. Though MO benefited from pricing power, soft cigarette shipment volumes continued to hurt. The company saw early momentum from NJOY.Quarter in DetailAdjusted earnings came in at $1.15 per share, which declined 2.5$1. ...