Latest Altria Group Inc News

FILE - This Nov. 25, 2019 photo shows IQOS heated cigarette heatsticks  displayed in an IQOS store in Richmond, Va.  Altria said Tuesday, July 28, 2020, that cigarette sales continue to decline as it pushes to expand sales of an alternative heated-tobacco product. The tobacco giant's second-quarter profit fell slightly but still beat Wall Street expectations when adjusted for one-time expenses. (AP Photo/Steve Helber, File)

Altria expands sales of heated-cigarette as revenue slides

Jul. 28, 2020 11:04 AM EDT

WASHINGTON (AP) — Marlboro-maker Altria said Tuesday that cigarette sales continued to decline in its last quarter as the company pushed to expand sales of an alternative heated-tobacco product. The Richmond, Virginia-based company reported second-quarter profit of $1.94 billion, or $1.04 per share, down...