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Altria Revenue Grows, Helped by Market-Share Gains

Altria reported earnings on Thursday.

The maker of the Marlboro brand had seen strong volumes lately as tobacco consumers benefited from low gas prices and an improving economy. But Altria has forecast a slowdown in volume for the second half of the year as it faces tough prior-year comparisons and tax increases in certain states. Altria said it expects “moderated” per-share earnings in its current quarter due to those factors.

In the period ended Sept. 30, Altria’s cigarette shipment volume edged up 0.1%. A 10.4% increase in shipments for its discount brands offset a 0.7% decline at...