Altria's ( MO) first-quarter earnings came in flat with a year ago, weighed down by a charge, while revenue jumped almost 13% on solid results in both its domestic and international cigarette businesses.

The company earned $2.19 billion, or $1.07 a share, in the most recent quarter compared with earnings of $2.19 billion, or $1.07 a share, last year. The latest quarter included charges totaling 9 cents a share for the restructuring of Altria's food operations and other items. Revenue rose to $21.84 billion in the latest quarter from $19.37 billion last year.

Analysts were forecasting earnings of $1.13 a share before the charge on revenue of $20.49 billion. Altria also reiterated full-year guidance of $4.57 to $4.67 a share, including a 23-cent charged related to its Kraft ( KFT) restructuring and other items. Before the charge, analysts were forecasting 2004 earnings of $4.85 a share.

The company's biggest segment, international tobacco, saw revenue jump 24% to $10.1 billion in the first quarter from a year ago, while domestic tobacco revenue jumped 4.9% to $4.0 billion in the quarter, North American food revenue jumped 2.5% to $5.4 billion, and international food rose 9.6% to $2.3 billion.

At Philip Morris USA, total retail market share rose 1.3 share points to 49.6%, driven by Marlboro's strong performance. Philip Morris USA's shipment volume decreased 1.7% to 43.1 billion units, but was essentially flat when adjusted for the timing of promotions, according to Altria.