Philip Morris (PM +0.1%) shrugs off the report of a weak quarter and lowered guidance and turns...

|About: Philip Morris Internatio... (PM)|By:, SA News Editor

Philip Morris (PM +0.1%) shrugs off the report of a weak quarter and lowered guidance and turns green on the session. Excluding unfavorable currency moves, revenues were higher on the quarter thanks to favorable pricing (volumes fell). Tobacco competitors British American (BTI +0.1%), Reynolds America (RAI +0.1%), and Lorillard (LO +0.7%) also reverse opening losses.