Altria Group beat Q3 estimates of earnings-per-share (EPS) and revenue. Its adjusted EPS for the quarter was $1.08 on revenues (net of excise tax) of $5.29 billion – compared to analysts’ projection of $1.07 EPS on $5.22 billion revenue.
Following the FDA’s efforts to make e-cigarette makers limit excessive consumption of flavoured e-cigarettes among minors, Altria announced that its subsidiary Nu-Mark would scrap MarkTen Elite and Apex by MarkTen pod-based products from the market. Nu-Mark will sell only tobacco, menthol, and mint flavors of MarkTen and Green Smoke cig-a-likes until any further order from the FDA.