Philip Morris International also bought Philippines company Fortune Tobacco Co. in February 2010, bolstering its Asian business.Swings in currency markets are also having an effect. Last quarter, the company narrowed its earnings guidance for the year because of unfavorable foreign currency exchange rates.
Earnings Preview: Philip Morris Int'l
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.