Philip Morris International stock hasn’t had a hot start to 2024, but its shares could be ready to bounce back when it reports fourth-quarter earnings on Feb. 8, Jacob Sonenshine writes in this week’s edition of Barron’s. Sales for the quarter are expected to grow 10.5% to $9B, according to FactSet. The increased adoption of the company’s smokeless products, including its IQOS heated tobacco, should offset declines in traditional cigarette sales.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PM:
- Philip Morris Announces Settlement Agreement with BAT
- Philip Morris Strikes Global Settlement with British American Tobacco
- Philip Morris, British American Tobacco announce global patent settlement
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Philip Morris Establishes New Financial Obligation
