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Actionable news in PM: PHILIP MORRIS INTERNATIONAL Inc,

What to Expect When Philip Morris (PM) Reports Q2 Earnings Tuesday

NEW YORK (TheStreet) -- Shares of Philip Morris (PM) are up by 0.48% to $103.69 on Friday afternoon, even though the company is expected to report a decline in its fiscal 2016 second quarter earnings and revenue on Tuesday, before the market open.

Analysts surveyed by Thomas Reuters are expecting earnings of $1.20 per share on revenue of $6.77 billion for the second quarter. A year ago the company reported earnings of $1.21 per share on revenue of $6.9 million for the same quarter.

Philip Morris will beat estimates as a result of "improved volumes, positive pricing, a strong brand portfolio and...


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