Altria Beats Earnings Estimates, Unveils $1 Billion Stock Buyback

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 on revenue of $6.1 billion in the final three months of the year. Analysts expected EPS of $1.17 on sales of $5.15 billion in the quarter, according to FactSet data.