Home Blockchain News Altria Implodes After Stupid Investors Senselessly Dump MO Stock

Altria Implodes After Stupid Investors Senselessly Dump MO Stock

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By CCN: The once invulnerable tobacco powerhouse, Altria, saw its stock get clobbered on Thursday after it reported disastrous earnings. Cigarette sales have plummeted and taken Altria stock down with it, as consumers move towards e-cigarettes, vaping, and cannabis. The company has made strategic investments in the alternative products in an effort to fire up revenues. Altria Suffers Troubling Decline in Cigarette Sales In the first quarter, Altria posted a diluted earnings per share number of $0.90, after removing one-time items. This was a 5.3 percent year-over-year decrease from the first quarter of 2018. Altria stock is reacting to a

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* First published on ccn.com

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