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

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

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)