Altria (MO) Falls Short of Q3 Earnings and Revenue Expectations

Altria (MO) reported Q3 earnings of $1.28 per share, missing the consensus estimate of $1.29 per share. The company's revenues for the quarter were $5.28 billion, falling short of the estimated $5.41 billion. Altria has not been able to surpass consensus EPS and revenue estimates over the past four quarters. The stock has underperformed the market this year, losing about 6.3%. The company's earnings outlook is unfavorable, resulting in a Zacks Rank #4 (Sell) for the stock. The tobacco industry, to which Altria belongs, is currently ranked in the bottom 12% of Zacks industries.