Why Is Philip Morris (PM) Down 0.8% Since Last Earnings Report?

A month has gone by since the last earnings report for Philip Morris (PM) . Shares have lost about 0.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Philip Morris due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. PM Q3 Earnings Top Estimates on Combustible Pric ...