Philip Morris International Soars on Earnings, Strong 2015 Outlook

Shares of Philip Morris International (PM) soared following its earnings results, making it TheStreet's Move of the Day. The tobacco producer reported better than expected first quarter earnings Wednesday morning. Philip Morris topped the consensus estimate on both the top and bottom line for the period. Looking ahead, the New York City-based cigarette and tobacco company guided full year 2015 earnings more than a dime above Wall Street expectations. Shares ended the regular session up on very heavy trading volume. The stock was one of the top gainers on the S&P 500. TheStreet's Kurumi Fukushima reports in New York.