Philip Morris's earnings hit by dollar strength
The tobacco products maker revised its full-year earnings guidance to reflect exchange rate fluctuation
Company
NYSE:PM
Philip Morris International Inc is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector.
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The tobacco products maker revised its full-year earnings guidance to reflect exchange rate fluctuation
The tobacco to cigarette group has been one of Wall Street's best blue chip performers this year so far
Fourth quarter revenue beat expectations but earnings were a tad shy
The boss of tobacco giant Philip Morris hopes its new product will allow it to “phase-out” the sale of its conventional cigarettes
Energy Fuels was reiterated a buy with a target price of C$7.05 by analysts at Cantor Fitzgerald on Monday.
Shares in cigarette and tobacco maker fell 3.4% in morning New York trading
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Investors assess key bank earnings, mostly soft economic data.
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Below are the main news-driven share price movements at 2 p.m. in New York.
Stocks are on the comeback trail after yesterday's biffing.
Philip Morris is now pointing towards adjusted earnings growth of between 11% and 12%, versus previous guidance of 9%-11%.
The S&P is set to recover all of yesterday's losses but the Dow Jones is tipped to claw back only half of them.
Wall Street headed higher today following a batch of upbeat earnings reports and as Greece’s Parliament passed austerity measures needed to secure a fresh bailout. The S&P 500 (INDEXSP:.INX) rose 0.7 percent to 2,123.51 at 3:41 p.
U.S. stock-index futures advanced as investors assessed earnings and welcomed Greek parliamentary approval of a bailout plan. Futures on the S&P 500 index rose 0.4 percent to 2113. E-mini Dow futures gained 0.4 percent to 18056. E-mini
Wall Street retreated as Greece scrambled to avoid a cash crunch and energy shares tumbled with the price of oil. The S&P 500 (INDEXSP:.INX) slid 0.5 percent to 2,065.59 at 3:45 p.m. in New York. The 30-company Dow Jones Industrial Aver