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Article: Altria Reports 2009 Third-Quarter Results.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Altria Group, Inc. (Altria) (NYSE: MO) announced 2009 third-quarter reported diluted earnings per share (EPS) of $0.42, which was unchanged versus the third quarter of 2008. Reported results reflect higher operating companies income (OCI) from financial services and cigars, as well as the OCI contribution from the UST LLC (UST) acquisition, lower income taxes, higher earnings from Altria's equity investment in SABMiller plc (SABMiller), and lower general corporate expenses, offset by higher interest expense, higher corporate exit costs, and lower OCI from cigarettes versus the prior-year period. Altria's adjusted 2009 third-quarter diluted EPS increased 4.3% to $0.48 ...