Altria's Profit Rises on Marlboro Prices, Snuff Demand

(Bloomberg) Altria Group Inc., the largest U.S. tobacco company, reported third-quarter profit that beat analysts’ estimates, helped by higher prices for Marlboro cigarettes and snuff sales.
Net income rose 28 percent to $1.13 billion, or 54 cents a share, from $882 million, or 42 cents, a year earlier, the Richmond, Virginia-based maker of Copenhagen snuff said today in a statement. Analysts surveyed by Bloomberg had projected 52 cents, the average of 11 estimates. Continued