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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 β€œgoing 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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