HENRICO COUNTY (dpa-AFX) - Altria Group Inc. (MO) Thursday reported 28.5 percent decline in third quarter net earnings attributable to the company to $1.093 billion from $1.528 billion in the prior year. On a per share basis, earnings declined to $0.56 from $0.78 a year ago. On an adjusted basis, earnings were $0.82 per share.
Revenue for the quarter increased 3.1 percent to $6.905 billion from $6.699 billion a year ago. Analysts expected $5.11 billion.
Looking ahead to the full year 2016, the company expects adjusted earnings per share in a range of $2.98 to $3.04 up 6.5 to 8.5 percent from last year.
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