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Could Altria’s Q2 2018 Earnings Boost Its Stock Price?

Ralph Nathan
Could Altria’s Q2 2018 Earnings Boost Its Stock Price?

Altria Group (MO) is scheduled to report its second-quarter earnings before the market opens on July 26. As of July 13, the company was trading at $58.50, which represents a rise of 4.8% since the announcement of its first-quarter earnings on April 26. Altria stock was driven by strong first-quarter earnings when it outperformed analysts’ EPS expectation of $0.80 by posting $0.91. Altria has been struggling in 2018 due to the increase in anti-tobacco regulations and the declining number of smokers.