https://ca.finance.yahoo.com/news/altria-3q-earnin
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Altria, the maker of Marlboro cigarettes and Copenhagen chew, has been working to shift its business away from traditional tobacco amid steady declines in smoking.
The company recently began selling a heat-not-burn cigarette alternative, iQOS , made by Philip Morris International. Altria is marketing the first-of-a-kind device in the U.S. under a licensing deal with the international tobacco maker. Both companies say the device could appeal to smokers who have been unwilling to switch to vaping products, which use a nicotine solution, not tobacco.
Altria, which owns Philip Morris USA , said total revenue was virtually flat at $6.86 billion. Its adjusted revenue, which excludes excise taxes, totalled $5.41 billion and beat estimates.
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