Philip Morris (PM) Q4 Earnings Lag Estimates, Revenues Rise

Philip Morris International Inc. (PM) posted fourth-quarter 2023 results, wherein the bottom line fell short of the Zacks Consensus Estimate. However, the top line increased year over year and beat the Zacks Consensus Estimate. The company continued to benefit from pricing power, along with strength in IQOS and ZYN.The company entered 2024 on a solid note and expects it to be another strong year, backed by organic smoke-free net revenue and profit growthQuarter in DetailAdjusted earnings per share (EPS) cam ...