Altria Group Inc. (MO) saw its stock price surge 8.28% during intraday trading on Thursday, following the release of its first-quarter financial results.

The tobacco giant reported adjusted earnings per share of $1.32 for the quarter, beating analyst estimates of $1.25. Revenue rose 3.2% to $5.43 billion, also exceeding expectations. The strong performance was driven by higher pricing on cigarettes and nicotine pouches, which helped offset declining shipment volumes.

Altria reaffirmed its full-year adjusted diluted EPS guidance of $5.56 to $5.72, providing investors with confidence in the company's outlook despite challenges in the e-vapor market and increased macroeconomic uncertainty.