- Philip Morris (PM) reports a drop to its 2014 forecast, cutting earnings to $4.87-$4.97 per share, from the $5.09-$5.19 per share it previously expected. The company still estimates adjusted profit in 2014 to rise 6-8%.
- "We continue to face significant currency headwinds, an improving but weak macro-economic environment in the European Union and known challenges in Asia," says CEO Andre Calantzopoulos.
- PM -0.1% AH
From other sites
at CNBC.com (May 26, 2015)
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Video at CNBC.com (May 7, 2015)
at CNBC.com (Mar 11, 2015)
at CNBC.com (Jan 15, 2015)
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