Philip Morris Q4 Earnings & Sales Beat Estimates, Stock Rallies

Philip Morris International Inc.’s (PM) shares rallied 9.4% in the pre-market session today after reporting robust fourth-quarter 2024 results. Both top and bottom lines increased year over year and beat the Zacks Consensus Estimate in the quarter. Results were fueled by robust momentum across regions and product categories, including continued momentum in IQOS and ZYN, along with an impressive combustibles performance.Fourth-quarter adjusted earnings per share (EPS) came in at $1.55, which increased 14% ye ...