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Altria Profit Rises 9.4% as Cheap Gas Boosts Cigarette Sales

Altria Group Inc., the largest seller of tobacco in the U.S., said third-quarter profit rose 9.4 percent as lower gas prices gave smokers more money to spend on cigarettes.

Net income rose to $1.53 billion, or 78 cents a share, from $1.4 billion, or 71 cents, a year earlier, Richmond, Virginia-based Altria said Thursday in a statement. Excluding some items...


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