Why Philip Morris Stock Was Pulling Back Today

Shares of Philip Morris International (PM -3.01%) were sliding today after the tobacco company missed estimates on the bottom line in its fourth-quarter earnings report and offered guidance that also missed the mark.As a result, the stock was down 2.6% at 1:44 p.m. Thursday after trading as far down as 3.4% earlier in the session. Iqos spoils Philip Morris' quarterPhilip Morris has spent much of the past decade trying to pivot to its next-gen Iqos heat-not-burn product, but results from that transformation ...