Altria, the parent company of Philip Morris USA, on October 21 posted third-quarter earnings of $882m, up from $867m, a year earlier. Total revenue rose 20% to $6.3bn, but net of excise taxes fell 0.5% to $4.32bn. Revenue from cigarettes was $5.6bn, or 89% of the total pre-excise tax revenue. Other divisions include smokeless products, cigars and wine. Altria also owns a 28.6% stake in brewer SABMiller.

Altria shares fell 2.41% to $18.21 on October 21.

• Altria release 

5 Sep 2008 -

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