Philip Morris (PM) Ups View on Q2 Earnings Beat: Pricing Aids
PMI(PM) ZACKS·2024-07-24 00:46
Philip Morris International Inc. (PM) posted strong second-quarter 2024 results, with the top and bottom lines exceeding the Zacks Consensus Estimate and revenues increasing year over year. While the bottom line dipped marginally, it showed double-digit growth, excluding currency headwinds. Philip Morris continues to benefit from solid pricing and success in its smoke-free business, especially IQOS and ZYN. This Zacks Rank #2 (Buy) company expects to witness a robust second-half performance and raise its fu ...