Why Altria Stock Is Sinking Today

Altria stock fell 9.3% following its Q2 earnings report, which missed analyst expectations with adjusted EPS of $1.48 (vs. $1.50 expected). While revenue grew 1.2% year-over-year to $5.36 billion, the company faced persistent volume declines in its cigarette segment with domestic unit shipments dropping 4.5%. Despite raising its full-year earnings guidance floor to $5.61-$5.72, the midpoint remains below analyst expectations, raising investor concerns about whether modest growth can support the stock's valuation.