Why Philip Morris (PM) Stock Continues To Decline Today

NEW YORK (TheStreet) -- Philip Morris International (PM) shares are down -1.9% to $84.85 on Friday, continuing the decline that began after the tobacco company yesterday lowered its full year guidance.

The company cut its full-year earnings guidance to $4.87 - $4.97 per share from $5.09 - $5.19. Thomson Reuters consensus earnings estimate for the year is $5.24 per share.

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TheStreet Ratings team rates PHILIP MORRIS INTERNATIONAL as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate PHILIP MORRIS INTERNATIONAL (PM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share."

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