Categories · Business (Tobacco)
Organizations · MO
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Jump to full article: thestreet.com, 2009-11-02 Author: Jeanine Poggi
Intro: Cigarette makers are still struggling, with volumes for the sector declining by about 12% on average in the third quarter.
Still, despite disappointing earnings results over the past two weeks, some companies have nonetheless raised their outlooks.
While TheStreet users are doubtful good news for the sector is imminent, they chose Philip Morris International(PM Quote) as having the most potential for lighting up a sales gain first. It nabbed 44.5% of the vote.
Philip Morris International said that selling cigarettes solely overseas has helped bolster its demand in the third-quarter, with volume slipping just 3%.
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