THE RESULTS: Marlboro maker Altria Group Inc.'s net income nearly tripled in second-quarter to $1.23 billion as higher prices helped offset flat cigarette volumes compared with a year ago when its results were depressed by a big charge. Revenue, excluding excise taxes, rose about 14 percent to $4.6 billion.
CIGARETTES: Volumes were flat at 36.2 billion cigarettes compared with a year ago as an increase of 24 percent in its discount cigarette brands offset declines in its premium brands like Marlboro. Its top-selling Marlboro brand nonetheless gained 0.3 points of market share to end up with 42.9 percent of the U.S. market.
OTHER TOBACCO: Volumes of its smokeless tobacco brands such as Copenhagen and Skoal rose nearly 8 percent. Volume for its Black & Mild cigars grew less than 1 percent.
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