Altria Group, Inc. reported its third-quarter 2024 earnings, revealing a net revenue of $6.25 billion and an adjusted diluted earnings per share (EPS) of $1.38, exceeding analysts' expectations of $1.35. The company's revenue grew by 1.3% year-over-year, while adjusted EPS increased by 7.8%. Despite an 8.6% decline in smokable product volume, demand for nicotine pouches and vapes helped offset losses. Altria reaffirmed its full-year adjusted EPS guidance of $5.07 to $5.15, reflecting a growth of 2.5% to 4%. The results prompted a significant market response, with Altria's shares rising approximately 8% on the day of the announcement. The company also highlighted that it funded $2.4 billion in buybacks through the sale of its stake in Anheuser-Busch InBev, which was not anticipated initially.