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4 Views

Philip Morris Chokes on Unhealthy Earnings and Foul Guidance

is down on Thursday after posting a weak first quarter and lackluster guidance. The New York City-based firm's EPS rose 2.4 percent year-over-year to $1.28. However, it fell short of the Wall Street consensus of $1.34.
Benzinga.com
added Apr 18, 2013 14:22
7 Views

Philip Morris's CEO Discusses Q1 2013 Results - Earnings Call Transcript

so far it's early, but so far especially on the smoking, on consumption of cigarette in Australia, you don't really see, as expected, frankly speaking, any impact coming from the plain packaging, despite what was promised at the beginning
Seeking Alpha blog network
added Apr 18, 2013 14:20
3 Views

Philip Morris Profit Trails Analysts’ Estimates

posted first-quarter earnings that fell more than analysts estimated (PM) as tax increases and economic weakness hurt shipments. Net income (PM) fell 1.7 percent to $2.13 billion, or $1.28 a share, from $2.16 billion, or $1.25, a year earlier, the New Yo
Business Week/Bloomberg
added Apr 18, 2013 13:41
9 Views

How Philip Morris International's Earnings Will Fare (PM)

On Thursday, Philip Morris International (NYSE: PM ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prep
Motley Fool
added Apr 17, 2013 18:12
16 Views

Philip Morris Earnings Face Headwinds From Anti-Tobacco Laws

the company has entered 2013 with vastly changed dynamics from the previous year. Firstly, on December 1, 2012, the Australian plain packaging law came into effect which requires standardized packaging for all the cigarettes with no branding. Secondly, th
Trefis
added Apr 16, 2013 16:13
4 Views

ARCHIVE: Can Star Scientific Leave its Big Tobacco Past Behind?

While Star Scientific (NASDAQ:STSI) is remoulding itself, focusing on dietary supplements rather than smokeless cigarettes, the company is still haunted by Big Tobacco.
Wall St. Cheat Sheet
added Apr 16, 2013 14:38
4 Views

[Virginia] Star Scientific says it will defend itself against lawsuits

Henrico company says complaints that it misled investors are meritless
Richmond (VA) Times-Dispatch
added Apr 16, 2013 14:36
8 Views

[Virginia] Star Scientific’s next controversy? Dietary aids

Now, having recently exited the tobacco business to focus instead on its relatively new venture into dietary supplements, Star Scientific has again become a magnet for controversy and is headed back to court, this time facing investors who argue the comp
Richmond (VA) Times-Dispatch
added Apr 16, 2013 14:34
5 Views

Tobacco Debt Beating Market Seen Losing on Tax Rise: Muni Credit

About $101 billion of municipal debt is backed by payments tobacco companies ... Less smoking means less money to repay debt, raising the risk of owning the securities, said Richard Larkin, director of credit analysis at Iselin, New Jersey-based Herbert
Bloomberg News
added Apr 12, 2013 00:38
3 Views

[Virginia] Cuccinelli will appoint outside counsel for suit involving firm he owns stock in

Virginia Attorney General Ken Cuccinelli II will announce Friday that he is appointing outside counsel to handle a tax lawsuit brought against the state by a company in which he owns more than $10,000 in stock.
The Washington Post
added Apr 11, 2013 14:46
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