Posts tagged: Altria Group Inc

Altria Reports In Line

Tweet Altria Group Inc. (MO – Analyst Report), the manufacturer and seller of cigarettes, wine and other tobacco products, reported results for the first quarter of fiscal 2011. Virginia-based Altria posted adjusted earnings of 44 cents a share in the quarter, which was up 4.8% compared with the prior-year quarter and was in line with the Zacks Consensus Estimate. The quarter benefited from strong income across its tobacco businesses, lowe ... Jump to full article >>

Appeals Court Revives Illinois Class-Action Tobacco Case

Tweet The tobacco case that led to a $10 billion verdict against cigarette maker Altria Group Inc.’s Philip Morris unit in a class-action lawsuit has been reinstated by an Illinois appellate court, a law firm said. The Fifth District Appellate Court of Illinois on Feb. 24 sent the case back to trial court in Madison County, Illinois, for further proceedings, according to a press release sent by Korein Tillery, the law firm that brought the clas ... Jump to full article >>

Earnings Preview: Reynolds American’s 4Q

Tweet RICHMOND, Va. (AP) — Reynolds American Inc., the nation’s second-biggest cigarette company, reports its fourth-quarter and full-year results before the stock market opens Thursday. WHAT TO WATCH FOR: Continued growth in Reynolds American’s Pall Mall brand despite industrywide declines in the number of cigarettes being as taxes, smoking bans, health concerns and social stigma all increase. The Winston-Salem, N.C., company has p ... Jump to full article >>

Altria Group reiterates full-year earnings outlook

Tweet Altria Group Inc. has performed well even in a tough economy in part because of its diversification strategy in recent years, executives with the Henrico County-based company said Monday at an investor conference. The company, owner of top cigarette maker Philip Morris USA, has seen its share of the total “profit pool” of U.S. tobacco companies grow from about 46 percent in 2007 to about 55 percent in 2010. In part, that is beca ... Jump to full article >>

Earnings Preview: Altria Group Inc.

Tweet Altria Group Inc., owner of the biggest U.S. cigarette maker — Philip Morris USA — reports its fourth-quarter and full-year results before the stock market opens Thursday. WHAT TO WATCH FOR: Whether the marlboro cigarettes sale continues to gain market share. Marlboro has gained market share as the number of cigarettes sold has declined industrywide in the face of recent tax increases, smoking bans and rising health concerns and social ... Jump to full article >>

Tobacco Reviews, Cuomo Agency Merger, Defining Swaps: Compliance

Tweet Tobacco companies led by Altria Group Inc. and Reynolds American Inc. must get U.S. Food and Drug Administration approval to sell products introduced or changed in the past four years, a move that may let the agency keep more addictive items off the market. Products that weren’t commercially available on Feb. 15, 2007, must be submitted for review, the FDA said yesterday in a statement. Items that aren’t “substantially equivalent” t ... Jump to full article >>

Altria Adds a Dime

Tweet Increases wholesale prices on smokeless brands 10 cents. Altria Group Inc., the largest U.S. tobacco company, has announced to its trade customers a list price increase of 10 cents per tin on each of its smokeless brands including the recently launched Copenhagen Long-Cut Wintergreen, according to a note to investors by UBS Investment Research analyst Nik Modi. The list price on Copenhagen Long-Cut Wintergreen goes from $1.45 to $1.55 (a ... Jump to full article >>

Ex-smoker drops Philip Morris lawsuit for $1,000

Tweet Cigarette maker Philip Morris USA’s bag of defenses against thousands of smoker lawsuits in Florida may include the fear of having to pay the company’s legal fees. Yesterday, a former smoker in Florida dropped his lawsuit against the Henrico County-based tobacco company and took a $1,000 settlement instead. The plaintiff, Jerome Cohen, accepted the settlement after only two days of trial in Fort Lauderdale, Fla. His attorney, Ph ... Jump to full article >>