Altria Group Inc. said Thursday that its fourth-quarter profit fell 69 percent from year-ago results that included its overseas unit, which has been spun off.
Profit from continuing operations rose 5.7 percent.
The owner of the biggest U.S. cigarette maker had net income of $679 million, or 33 cents per share, in the quarter ending Dec. 31. That compares with the $2.19 billion, or $1.03 per share, it earned a year earlier when its operations included Philip Morris International.
It still owns Philip Morris USA, seller of Marlboros in the U.S. Altria is based in Richmond, Virginia.
Revenue rose 3 percent to $4.65 billion from $4.53 billion during the fourth quarter.
Profit excluding the spun-off unit and other one-time costs was 37 cents, meeting a consensus estimate of analysts surveyed by Thomson Reuters. Analysts, who typically exclude one-time charges, also expected revenue of $3.87 billion.