Philip Morris International stock surged 10% after strong Q3 revenue and profit guidance.Zyn nicotine pouch sales grew 41% in the US in the third quarter.Zyn continues to be a hit with young professionals and those looking to lose weight. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

On Tuesday, Philip Morris International Inc. PM reported third-quarter revenue of $9.91 billion, up 8.4% year over year, beating the consensus of $9.69 billion.Net revenues increased by 11.6% on an organic basis, mainly reflecting a favorable pricing variance, primarily due to higher combustible tobacco pricing, and a favorable volume/mix, mainly driven by higher smoke-free product volume.Outlook: Philip Morris raised its fiscal year 2024 adjusted EPS outlook to $6.45-$6.51 from prior guidance of $6.33 – $6 ...

Philip Morris International ((PM) has quietly been one of the best performing stocks in the market over the last three months. This strong outperformance comes after several years of sideways action in the stock as tobacco stocks fell out of favor for institutional investors. But with the proliferation of smokeless products like vapes and most notably Zyn, Philip Morris as well as other incumbent tobacco stocks have again become winning stocks.The success of this pivot towards smokeless products was further ...

In this photo illustration, ZYN nicotine cases are seen on a table on January 29, 2024 in New York City.The stock saw little action between 2013 and 2023 with investors viewing it as a dividend play in a stagnant industry. Now, traders are seeing the stock as a growth name — thanks in large part to the success of Zyn since Philip Morris acquired the brand through its deal with Swedish Match two years ago.Tuesday's pop comes after the company touted an eye-popping jump in shipments of its Zyn oral nicotine p ...

Key TakeawaysPhilip Morris International shares climbed to a record high Tuesday after the tobacco giant reported better-than-expected quarterly results.Shipments of the company's nicotine pouches and heated tobacco devices surged, while cigarette shipments rose slightly.Philip Morris also raised its full-year earnings outlook. Philip Morris International (PM) shares climbed to an all-time high Tuesday after the tobacco giant posted better-than-expected results and raised its outlook on soaring demand for i ...

Philip Morris International Inc. (NYSE:PM) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants James Bushnell – Vice President-Investor Relations and Financial Communications Emmanuel Babeau – Chief Financial Officer Conference Call Participants Bonnie Herzog – Goldman Sachs Gaurav Jain – Barclays Faham Baig – UBS Priya Ohri-Gupta – Barclays Gaurav Jain – Barclays Operator Good day and thank you for standing by. Welcome to the Philip Morris International Inc., 2024 Third Quarte ...

Philip Morris International Inc. (PM) posted strong third-quarter 2024 results, wherein both top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Results were fueled by robust momentum across all regions and product categories, including enhanced IQOS-adjusted in-market sales growth, solid ZYN volumes and resilience in the combustible unit.Driven by a solid year-to-date show, this Zacks Rank #2 (Buy) company raised its full-year 2024 adjusted earnings per share (EPS) guidance ...

Philip Morris (PM) reported $9.91 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.4%. EPS of $1.91 for the same period compares to $1.67 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.57 billion, representing a surprise of +3.55%. The company delivered an EPS surprise of +4.37%, with the consensus EPS estimate being $1.83.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

able | Third Quarter 2024 Earnings Presentation October 22, 2024 Safe Harbor & Non-GAAP Measures Except for historical information contained herein, the matters set forth in this presentation are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Potential risks and uncertainties include such factors as the Company's ability to successfully implement its manufacturing operations strategy and supp ...

Quarterly reports from Dow component 3M Co (NYSE:MMM) and Philip Morris International Inc. (NYSE:PM) are in focus this morning. Both companies surpassed earnings and revenue expectations for the third quarter, and the latter lifted its annual outlook. MMM is up 5% in premarket trading, looking to open at a fresh two-year high of $141.60. The stock is also looking to snap a three-day losing streak as it bounces off support at the 40-day moving average. Shares already boast a 47.5% year-to-date lead, and coul ...