Welcome to our dedicated page for Philip Morris International news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris International stock.
Philip Morris International Inc. reports developments across its cigarette business and expanding smoke-free portfolio, including IQOS heated tobacco products, ZYN nicotine pouches and e-vapor offerings. Company news commonly covers quarterly results, shipment and revenue trends, product authorizations, brand collaborations, and updates tied to adult-smoker alternatives.
Recurring announcements also address U.S. and international regulatory matters, including FDA modified-risk tobacco product authorizations for IQOS, as well as annual shareholder meetings, board elections, executive compensation votes, auditor ratification, shareholder proposals, and corporate responsibility initiatives.
Philip Morris International Inc. (NYSE:PM) reported its 2020 third-quarter results, highlighting a reported diluted EPS of $1.48, up 21.3%. Adjusted diluted EPS decreased by 0.7% to $1.42, while organic growth showed a 5.6% increase. Cigarette and heated tobacco volume shipments fell by 7.6%, but IQOS market share rose to 6.0%. Net revenues declined 2.6%, and operating income increased by 16.3%. The company raised its full-year diluted EPS guidance to $5.03-$5.08, driven by improved industry volumes and favorable tax effects. PMI assured no significant supply disruptions amid COVID-19.
Philip Morris International (NYSE: PM) will host a live audio webcast on October 20, 2020, at 9:00 a.m. ET to discuss its 2020 Third-Quarter results, which will be released at 7:00 a.m. ET the same day. CFO Emmanuel Babeau will provide insights and answer questions during the session, which will be accessible in listen-only mode. Investors can also access the webcast via PMI's Investor Relations Mobile App. The archived version will be available until November 18, 2020. PMI is transforming the tobacco industry, focusing on smoke-free products and aims to replace traditional cigarettes with healthier alternatives.
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