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Altria up after raising annual profit forecast

By Reuters News11:26 (UTC), 29 October 2026 Updated

** Shares of Marlboro maker Altria MO.N up ~2% at $74.02 premarket

** Co raises its full-year profit forecast, as customers increasingly turned to its lower-priced cigarette brands amid growing inflationary pressures

** Now expects full-year adjusted earnings per share to be in a range of $5.66 to $5.74, from $5.61 to $5.72 previously

** Reports Q3 adjusted EPS of $1.52, beating estimates of $1.51 - data compiled by LSEG

** Posts quarterly net revenue of $6.13 billion, topping expectations of $5.31 billion

** Up to last close, MO up about 27% YTD

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