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Actionable news in PM: PHILIP MORRIS INTERNATIONAL Inc,

Philip Morris Int'l. (PM) Stock Advances Ahead of Quarterly Results

NEW YORK (TheStreet) -- Philip Morris International (PM - Get Report) stock is climbing by 0.78% to $100.89 on Monday, ahead of the cigarette maker's 2016 first quarter earnings, which are due out on Tuesday before the market opens.

Both profit and revenue are estimated to decline year-over-year, in part due to the ongoing pressure from the anti-tobacco campaigns that are rampant globally. As a result, governments worldwide have imposed higher excise taxes on cigarettes, Zacks analysts noted.

Wall Street is looking for earnings of $1.11 a share on revenue...


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