Philip Morris Beats Expectations in Q2: ETFs in Focus

Philip Morris International (PM) posted robust second-quarter 2024 results on Jul 23, wherein the top and bottom lines beat the Zacks Consensus Estimate. The company continued to benefit from strong pricing and success in its smoke-free business, especially IQOS and ZYN.PM has a Zacks Rank #2 (Buy) and a Momentum Score of A, highlighting that the company will continue with its impressive performance. Philip Morris has gained about 17% since the beginning of the year.Q2 Performance in DetailThe tobacco compa ...