Altria raises its profit outlook and expands buybacks by $1 billion
Altria ($MO) increased its 2026 adjusted EPS forecast to $5.66–5.74, implying growth of 4.5–6% from the previous year’s $5.42. It also announced a $1 billion expansion of its share-repurchase program, which is expected to run through December 2027. The additional authorization provides room for future purchases and is separate from the approximately $400 million spent buying back 5.9 million shares during the third quarter. Third-quarter 2026 revenue rose 1% to $6.13 billion, while revenue after
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