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News  ›  The Motley Fool

Why Altria Stock Lost 15% in October

The Motley Fool Logo The Motley Fool By Jeremy Bowman
Why Altria Stock Lost 15% in October

Altria experienced a 15% stock decline in October due to weak Q3 earnings, declining cigarette shipments, and challenges in transitioning to next-generation products amid consumer spending pressures.

Insights
HONIV   positive

The company is innovating in sustainable technology, developing a modular biocrude upgrading process that can convert waste into renewable fuels, potentially reducing emissions and creating new market opportunities


MO   negative

Revenue fell 3%, cigarette shipments declined 8.2%, missed earnings estimates, and struggled with next-gen product transitions