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Headlines Tagged with Altria/Philip Morris 14,897 headlines found


[UK] Tobacco pair suffer after smoke clears from rival

London’s two big tobacco groups were left wheezing after Philip Morris of the US reported a lower than expected increase in first-quarter revenues and its chief executive expressed caution about sales in Russia, the Gulf and Japan. Shares in British Ame
Times Of London (uk)
added Apr 20, 2018 17:31

[Japan] Philip Morris's Next Challenge: Get Grandpa Stoked to Vape

iQos, is big in Japan, with a 16 percent share of the country’s tobacco market. But 40 percent of Japanese adult smokers are age 50 and older, and they’ve been more leisurely about changing habits. Sales growth slowed in the first quarter and company rev
Bloomberg News
added Apr 20, 2018 17:30

The maker of Marlboros desperately wants older Japanese smokers to start vaping

According to the company’s most recent earnings report, the plan is not going swimmingly. Shipments of heated tobacco products—devices that release flavors and nicotine without combustion—have dragged since December. And shipments of cigarettes are down
added Apr 20, 2018 17:29

Philip Morris International Will Stop Producing Cigarettes In Costa Rica

The company says the tax burden on cigarettes and the increase in illegal cigarette smuggling led to the closure of production in the country
added Apr 20, 2018 14:46

Philip Morris International's (PM) management on Q1 2018 Results - Earnings Call Transcript

So we're really pleased with what is going, we're very optimistic about IQOS growth across the world by the way not just EU but it's in many other places as well. We're seeing terrific results in quite a few markets. So the plan is working and the move to
Seeking Alpha blog network
added Apr 19, 2018 23:59

Apple, Philip Morris, chips lead slide on Wall Street

The S&P consumer staples sector .SPLRCS declined 3.5 percent as Philip Morris plunged 16.5 percent after the tobacco company’s weak results and forecast. Philip Morris was the biggest drag on the S&P 500 and also dragged rival Altria (MO.N) down 7.8 per
added Apr 19, 2018 23:57

[Africa, Nigeria] OJO: Why The New Excise Duty On Tobacco Should Stay

Last month’s call by the Manufacturers Association of Nigeria (MAN) that the federal government halt the proposed hike in the excise duty on tobacco products... tobacco transnationals like the British America Tobacco Nigeria (BATN), Philip Morris Nigeria
Leadership (ng)
added Apr 19, 2018 23:35

Philip Morris loses 16% in value in worst day since 2008

Investors soured on the stock despite a guidance boost after Philip Morris said shipments of heated tobacco units, which the company has been betting on for growth, more than doubled from a year ago but were down from the December quarter, while cigarett
Financial Times (uk)
added Apr 19, 2018 23:32

Philip Morris Earnings: Is a 16% Plunge a Buying Opportunity?

Wells Fargo's Bonnie Herzog contends it is. Of particular interest was Philip Morris's choice of the word "plateau" to describe its iQOS sales in Japan, as well as concerns about a potential guidance cut in the month ahead. Herzog acknowledges these issue
added Apr 19, 2018 23:31

Why Shares of Altria Group, Inc. and Philip Morris International Fell Today

The company also raised its earnings per share forecast to $5.25-$5.40 due to a lower effective tax rate. Still, the reaction to the IQOS news makes it clear that tobacco stocks may no longer be the safe bet they have been for decades.
Motley Fool
added Apr 19, 2018 23:30
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