From Dow Jones & Company:

Altria Group Inc. saw a 3% stock increase after forecasting limited impact from enforcement efforts in the e-vapor market in 2024. The tobacco company also announced a $1 billion share-buyback program. However, fourth-quarter profit fell 23% to $2.06 billion, or $1.16 a share, from $2.69 billion, or $1.50 a share, in the year-ago quarter, with revenue dipping 1.2% to $5.02 billion. Altria has adjusted its 2024 full-year adjusted earnings to $5.00-$5.15 a share. In other news, Altria’s NJOY LLC operating company filed lawsuits against 34 foreign and U.S. makers, distributors, and retailers for illicit disposable-vape products.



Read more: Altria’s stock rises as it sees little impact on 2024 performance from e-vapor enforcement