Actionable news
0
All posts from Actionable news
Actionable news in PM: PHILIP MORRIS INTERNATIONAL Inc,

Philip Morris Int'l. (PM) Stock Takes a Hit as Q1 Results Fall Short of Expectations

NEW YORK (TheStreet) -- Philip Morris International (PM - Get Report) shares are tumbling by 2.09% to $98.50 in Tuesday's pre-market trading session, after the cigarette maker posted lower-than-expected 2016 first quarter results, but raised its full-year guidance.

The company reported a profit of 98 cents a share, missing projections of $1.11 a share and down from $1.16 a share last year, which CEO Andre Calantzopoulos said was an unfavorable comparison given the "exceptionally strong" year-ago quarter.

Revenue slumped by 8.1% year-over-year to $6.08 billion, also under Wall Street's forecasts of $6.34 billion.

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim...


More