Why Philip Morris International Stock Was Climbing Today

Shares of the tobacco giant jumped on a strong earnings report.Shares of Philip Morris International (PM 3.83%) were moving higher today after the international tobacco giant posted strong results in its first-quarter earnings report, driven by growth in its IQOS heated tobacco sticks.The stock closed up 3.8% on the news. IQOS is heating up Philip Morris' stockPhilip Morris continued to make progress toward smoke-free products making a majority of its revenue as they represented 39% of revenue in the first ...