Philip Morris Gains on Earnings Beat, Raised Outlook

Key TakeawaysPhilip Morris beat second-quarter profit and sales forecasts and boosted its full-year outlook on strong demand for its smokeless products.Sales of cans of its nicotine pouches jumped more than 50% on the strength of its Zyn brand.The company also posted gains in heated tobacco product shipments.Philip Morris shares rose to their highest level in more than two years after the earnings report Tuesday. Philip Morris International (PM) shares rose Tuesday to their highest level in more than two ye ...