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Heard during Philip Morris' presentation at a consumer conference

  • Philip Morris (NYSE:PM) says it will start selling e-cigarettes in the second half of 2014.
  • The full-year forecast for 2013 EPS is lifted by the company to $5.37-$5.42 from $5.35-$5.40 prior, despite the soft demand trends it cites.
  • Total industry volumes won't "recover" until 2014, but execs maintain that a double-digit pace of EPS growth for 2015 and beyond is in the works.
  • Philip Morris at the Morgan Stanley Global Consumer Conference (webcast, slides)

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Philip Morris International Inc.