PM - Why Is Marlboro Maker Philip Morris Stock Shooting Higher Today? | Benzinga
Philip Morris International Inc (NYSE:PM) reported first-quarter FY24 sales growth of 9.7% year-on-year to $8.793 billion, beating the analyst consensus estimate of $8.468 billion.
The smoke-free business accounted for 39% of the company's total net revenues.
Cigarette and Heated Tobacco unit (HTU) shipment volume in first-quarter grew by 3.1% Y/Y, reflecting growth of 20.9% for HTUs and a decline of 0.4% for cigarettes.
Adjusted EPS of $1.50 beat the ...