Altria Group Reaffirms 2011 Earnings Forecast

Altria Group, (MO) owner of Philip Morris USA and maker of Marlboro cigarettes, announced today that it is maintaining its full-year earnings forecast, which is within Wall Street estimates.

The company still expects earnings of $2 to $2.06 per share. It also reiterated its 2011 adjusted earnings outlook in a range of $2.01 to $2.07 per share.

Analysts expect earnings of $2.05 per share for the year, according to a survey by FactSet.

Last week the company posted that its fourth-quarter net income saw an increase of nearly 27% on lower costs and higher prices, even though it sold fewer cigarettes.

Shares are down 1.47% or $0.35 to $23.44.

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