Altria Beats 1Q Profit Expectations

April 23, 2015 3:42 PM

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Marlboro maker Altria Group Inc. reported a lower first-quarter profit because of debt costs, but the adjusted results still topped Wall street expectations on a mix of rising cigarette prices and shipments.

The company's net income fell 13.4 percent to just under $1.02 billion, or 52 cents per share, while revenue rose 5.2 percent to $5.8 billion.

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