Altria (NYSE:MO) provides a guidance update along with its blockbuster announcement that the merger with Philip Morris International (NYSE:PM) is off.
The company tightens its 2019 EPS view to a range of $4.19 to $4.27 from $4.15 to $4.27 prior and $4.20 consensus. Altria reaffirms its 2019 domestic cigarette industry volume decline rate estimate to be in a range of -5% to -6%.
Shares of Altria are up 3.22% premarket to $42.04 on high volume.
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