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This Stock Is Smoking After Q2 Earnings

·4 min read
This Stock Is Smoking After Q2 Earnings
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Each year, fewer people in the U.S. smoke cigarettes, but that hasn't stopped tobacco giant Altria Group (NYSE: MO) from continuing to bring in profits. The company reported its second-quarter 2021 earnings on July 29 and showed investors that its business remains hot. Altria has signaled that it's striving for a "smoke-free future," where consumers use reduced-risk products such as sister company Philip Morris International's IQOS product, oral nicotine pouches, and electronic cigarettes.