Altria posts mixed quarterly results, says cigarette sales decline is acclerating
July 30, 2019 at 07:26 AM EDT
Altria, which sells Marlboro cigarettes, beat Wall Street's revenue expectations but fell short of adjusted earnings expectations. The company expects cigarette volumes in the U.S. to decline between 5% and 6% this year, a steeper decline than the previously guided range of 4% to 6%.