- Philip Morris (NYSE:PM) reports cigarette volume fell 1.4% to 219.8B units, led by a 3.5% drop in demand in Europe.
- The company says it expects full-year EPS to be near the top end of its guidance for 9% to 11% growth off some momentum it sees for the cigarette business.
- PM on capital allocation: "We are committed to returning around 100% of our free cash flow to shareholders."
- Previously: Philip Morris beats by $0.08, beats on revenue
- PM +2.32% premarket to $84.59.
Philip Morris higher after confident outlook
Recommended For You
About PM Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
PM | - | - |
Philip Morris International Inc. |