Philip Morris (PM +2.7%) is up today after beating Q4 estimates on both EPS and revenue. Net...


Philip Morris (PM +2.7%) is up today after beating Q4 estimates on both EPS and revenue. Net profit climbed 7.6% Y/Y as the tobacco company notched strong volume growth in Asia. In its conference call, CEO Louis Camilleri says pricing will be a tailwind for the cigarette maker this year, and it's already initiated price hikes in several key markets, including Germany, Indonesia and Russia. (conference call webcast here)

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Comments (2)
  • Eyebooger
    , contributor
    Comments (10) | Send Message
     
    Sold half my position today. It will probably pull back in the short term. Nice run though!
    9 Feb 2012, 06:11 PM Reply Like
  • psmith819
    , contributor
    Comments (535) | Send Message
     
    bad call. unlike.
    9 Feb 2012, 07:30 PM Reply Like
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