Tag Archives: Morris

Philip Morris has beaten the earnings quote. Why is the inventory down?

Illinois News Today

font size Philip Morris sees the momentum of low-risk products gaining momentum. Fabrice Coffrini / AFP via Getty Images Philip Morris International Shares fell on Tuesday following the second-quarter results of tobacco giants as the market responded to slightly lower-than-expected year-round guidance. The CFO says the company is “going in the right direction.” Philip Morris (Ticker: PM) said it generated $ 2.17 billion, or $ 1.39 per share, from $ 1.25 per share in the year-ago quarter. Adjusted revenue, excluding non-recurring items, was $ 1.57 per share. […]

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Tobacco giant Philip Morris sees a future without cigarettes — but there’s a catch | Business

The Los Angeles Times The maker of Marlboro and other cigarette brands has a new mission: getting the world’s 1 billion smokers to quit smoking. You read that right. Philip Morris International is trying to persuade customers to switch to its heated tobacco products, which it claims are safer alternatives because they are smoke-free. Eventually, the company hopes, governments will regulate cigarettes out of existence altogether. Given Big Tobacco’s long history of distortions and misleading the public, some skepticism is in order. Although the FDA has authorized […]

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