Altria Shares Slide On Q3 Earnings Miss, Tightens FY21 EPS Outlook
Altria Group Inc (NASDAQ:MO) reported a third-quarter FY21 net revenue decline of 4.7% year-on-year, to $6.79 billion, and revenues net of…
Altria Group Q3 Adj. EPS $1.22 Misses $1.26 Estimate, Sales Net Of Excise Taxes $5.53B, Net Sales $6.786B; Raises Lower End Of FY21 Guidance
Altria Group (NYSE:MO) reported quarterly earnings of $1.22 per share which missed the analyst consensus estimate of $1.26 by 3.17 percent. This is a 2.52 percent increase over earnings of $1.19 per share from the same
Earnings Scheduled For October 28, 2021
Companies Reporting Before The Bell
• LendingTree (NASDAQ:TREE) is estimated to report quarterly earnings at $0.57 per share on revenue of $292.63 million.
Tobacco, Cigarette Stocks Quiet; FTC Earlier Issued Report ‘FTC Report Finds Annual Cigarette Sales Increased for the First Time in 20 Years’
https://www.ftc.gov/news-events/press-releases/2021/10/ftc-report-finds-annual-cigarette-sales-increased-first-time-20
Altria Shares Earlier Spiked To Session High Following Report FDA Authorized Marketing Of Co.’s Verve Nicotine Chews; Stock Has Since Sold Off, Turned Negative, Down 0.3% For Session
https://www.fda.gov/tobacco-products/premarket-tobacco-product-applications/premarket-tobacco-product-marketing-granted-orders
Stock Wars: Cronos Group Vs. cbdMD
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.
LEXX: Lexaria’s DehydraTECH Shows Fast Delivery
By John Vandermosten, CFA
NASDAQ:LEXX
READ THE FULL LEXX RESEARCH REPORT
Why Altria, Philip Morris Shares Are Trading Lower Today
Altria Group Inc (NYSE: MO) and Philip Morris International Inc (NYSE: PM) are trading lower Thursday after the US International Trade Commission ruled the companies must halt sales and imports of the IQOS heated tobacco device
This Day In Market History: Philip Morris Acquires General Foods
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened: On this day in 1985, Philip Morris announced a $5.75-billion buyout of General Foods.
Vice Stocks: A Sin Not To Have In Your Portfolio
By Josh Kincaid
Summary
Protecting your portfolio during economic uncertainty with sin stocks
Sin clauses, SRI and ESG may come at a financial cost
Sin stock’s benefits in addition to being recession-proof, generating strong and consistent earnings, and having limited competition