(AOF) – Altria’s net revenues decreased 4.1% to $6.3 billion in the third quarter of 2023, primarily due to lower net revenues in the smokable products segment. Over 9 months, its net revenues decreased by 2.5%, reaching $18.5 billion. The tobacco maker’s reported diluted EPS rose 100% to $1.22. Additionally, Altria paid $1.6 billion and $5 billion in dividends in the third quarter and year-over-year, respectively.
On the outlook side, Altria is revising its forecasts downward for 2023. The group is now targeting adjusted diluted EPS in a range of $4.91 to $4.98 compared to a previous forecast of $4.89 to $5.03.
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