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Headlines Tagged with Altria/Philip Morris 13,276 headlines found

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Marlboro Maker Philip Morris Gets Smoked After Second-Quarter Miss

Cigarette maker Philip Morris International PM -3.02% disappointed Wall Street Tuesday as its second-quarter results suffered on low volumes and a strong dollar.
Forbes
added Jul 20, 2016 16:43
5 Views

Philip Morris (PM) Q2 Earnings and Sales Miss Estimates

Philip Morris' gross profit declined 4.4% year over year to $4.28 billion as lower cost of sales was offset by reduced revenues. Operating income slipped 4.8% year over year to $2.75 billion due to higher marketing, administration and research costs.
NASDAQ
added Jul 20, 2016 16:43
23 Views

The Spark for a Big Tobacco Reunion

What is iQOS? ...the technology looks to be a real game-changer for the industry, and [PMI] has that first-mover advantage. The company says it's spent more than $2 billion on research and development of smoking alternatives, as conventional cigarette con
Bloomberg News
added Jul 20, 2016 10:17
9 Views

Don't Count Out Philip Morris

But investors shouldn't count out Philip Morris just yet. The company's ability to boost revenues through price hikes shows the strong hold it still has on customers. New smoking technology could help it gain more market share, while giving it even more
Bloomberg News
added Jul 20, 2016 10:08
45 Views

[Florida] Smoker's Widower Awarded $1.5M In Engle Trial ($$)

The jury in Fort Lauderdale reached the decision after about a day of deliberations. Philip Morris was 25 percent responsible for Virginia Varner's death, and Varner herself bears the other 75 percent of the blame, jurors found.
Law360
added Jul 20, 2016 10:04
9 Views

Philip Morris International's share price hit as the tobacco giant chokes on earnings below analyst expectations

The Marlboro maker's cigarette shipment volume fell 4.8 per cent compared to the second quarter of last year, to 209.3bn units. This was driven by declines in markets such as Russia, Japan, Pakistan and the Philippines.
City A.M. (uk)
added Jul 19, 2016 18:57
3 Views

Philip Morris International Inc. (PMI) Reports 2016 Second-Quarter Results; Revises 2016 Full-Year Reported Diluted EPS Forecast for Improved Currency,

“Although our second-quarter results were generally in line with our expectations, our cigarette shipment volume was particularly impacted by declines in low-margin geographies. Nevertheless, we remain fully on track to deliver our full-year guidance,
Philip Morris International (ch)
added Jul 19, 2016 15:53
10 Views

Ahead of the Tape: Philip Morris: Don't Get Burned -- WSJ

Philip Morris investors are paying a higher premium for a company facing tougher regulations overseas and constant currency risk compared with domestically-focused peers. How many more puffs are left?
NASDAQ
added Jul 19, 2016 15:49
9 Views

[California] Tobacco companies drop nearly $17 million into anti-tax campaign

After months of eerie silence from the tobacco industry, Altria and R.J. Reynolds reported nearly $17 million in contributions Friday to oppose Proposition 56, which would increase tobacco taxes by $2 a pack in California. Altria contributed $10.8 milli
Sacramento (CA) Bee
added Jul 19, 2016 15:47
10 Views

[Latin America] Big Tobacco Gets Crushed by Tiny Uruguay

More than a blow to corporate clout, the unanimous ruling by the Washington-based trade body also may have been a tipping point in the global tussle between Big Tobacco and its discontents. Shortly after the unanimous decision, anti-smoking activists wer
Bloomberg News
added Jul 18, 2016 19:53
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